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5 000 000 Mark
| Issuer | Stadt Dresden (City of Dresden) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in brown and olive-green on plain paper, the reverse carries the denomination 'MARK 5,000,000 MARK' in bold upright Roman type along both the top and bottom margins, framing the central composition. At centre is a square vignette bearing the arms of Dresden in pale underprint. Two flanking text panels in blackletter script carry the note's validity notice at left and the counterfeiting warning at right, all enclosed within a fine dotted guilloche border. |
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| Protection type | Log in to see details |
| Protection description | Watermarked paper used as a basic anti-counterfeiting measure. |
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| Comments |
Dresden's municipal authority, like dozens of German cities in the summer and autumn of 1923, was forced into the absurd position of printing its own high-denomination emergency currency as the Reichsmark collapsed in real time. The Stadt Dresden notes of this period are Notgeld in name but were treated as functional money — Reichsbank supply simply could not keep pace with the daily price adjustments that hyperinflation demanded.
The watermark on this issue is notable given the otherwise desperate production circumstances. Local paper stocks with security features were increasingly difficult to source by mid-1923, and many municipalities abandoned them entirely before stabilization came in November with the introduction of the Rentenmark.