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| 正面描述 | Notgeld issued on plain cream paper, with the title legend in Gothic blackletter across the top and a faint watermark-style arms vignette as underprint at centre. The denomination 'Fünf Millionen Mark' is rendered in large bold red Fraktur script, partially enclosed in a ruled rectangular frame at left, with the numeric value '5 000 000 Mark' below in black letterpress. A dotted-border text panel carries the legal guarantee clause in Gothic script, beneath which the place and date of issue 'Speyer a. Rh., 11. August 1923' and the issuing authority 'Kreisgemeinde Pfalz' appear, followed by multiple manuscript signatures of district officials. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | NOTGELDSCHEIN KREISGEMEINDE PFALZ FÜNF MILLIONEN MARK |
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| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | 登录 以查看详情 |
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| 备注 |
The Palatinate's hyperinflation notgeld occupies a peculiar administrative niche — the Kreisgemeinde Pfalz was a Bavarian regional body issuing emergency currency for a district that, by 1923, was under French military occupation following the Treaty of Versailles. The occupied Rhineland's economic conditions were compounded by the Ruhr crisis and the collapse of the mark that same year, producing denominations that would have been unthinkable even eighteen months earlier.
Five million marks, printed locally in Speyer, was a mid-range denomination for the summer-autumn 1923 wave — within weeks of issue, it would have struggled to buy a loaf of bread.