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5 000 000 Mark
| Issuer | Stadtkasse Stuttgart (City Treasury of Stuttgart) |
|---|---|
| Year | 1923 |
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| Reference(s) | P#KEL:4922C |
| Obverse description | Printed in dark green on cream paper, the obverse carries a large watermark-style vignette of the Württemberg heraldic stag at centre, with a repeated circular underprint reading '5000000' around the lateral margins. The heading in Gothic blackletter script reads 'Württembergische Landes Whauptstadt Stuttgart' above the designation 'Stadtkassenschein', with the denomination 'Fünf Millionen Mark' in bold Gothic type. The date 'Stuttgart, 1. August 1923' appears below the numeral '5000000', flanked by two manuscript signatures above the titles 'Oberbürgermeister' and 'Stadtpfleger', with the city's oval official seal at centre bottom. |
|---|---|
| Obverse lettering | Württembergische Landes Whauptstadt Stuttgart Stadtkassenschein Fünf Millionen Mark zahlt die Stadtpflege in Stuttgart dem Einlieferer dieses Kassenscheins 5000000 Stuttgart, 1. August 1923 Nachahmung oder Fälschung strafbar. Oberbürgermeister: Stadtpfleger: |
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| Comments |
Stuttgart's Stadtkasse issued this 5,000,000 Mark note in 1923, one of hundreds of Notgeld denominations churned out by municipal treasuries across Germany as the Reichsbank's own output struggled to keep pace with hyperinflation. By mid-1923, a note of this face value was worth less than the cost of printing it within weeks of issue — municipalities were essentially in a race against the currency's own collapse.
The KEL reference places this within the Keller catalog of German Inflation-era Kommunal-Notgeld, the standard reference for these municipal issues. Stuttgart produced multiple denominations across a compressed timeframe, with successive zeros added to face values as purchasing power evaporated through the summer and autumn of 1923.