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5 000 000 Mark

Issuer Stadtrat Bad Reichenhall (City Council of Bad Reichenhall, Bavaria)
Year 1923
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Value 5 000 000 Marks (5 000 000)
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Obverse description The obverse is printed in dark blue and red on cream paper, with an elaborate ornamental border of interlocking scrollwork running the full perimeter. A diagonal lozenge underprint in pale grey — referencing the Bavarian State arms — fills the central field, over which the denomination "Fünf Millionen Mk." is set in large red Fraktur lettering. The upper register carries the denomination "5 000 000 Mk." repeated on both sides flanking the word "Gutschein" in black Gothic script, followed by a multi-line redemption text, the issue date "Bad Reichenhall, 10. September 1923," the issuing authority "Stadtrat Bad Reichenhall," multiple manuscript signatures, a circular official seal of the Stadtrat, and a red six-digit serial number at the foot; the printer's imprint "Zugschwerdt's Nachf., Bad Reichenhall" appears at the lower right.
Obverse lettering 5 000 000 Mk. Gutschein 5 000 000 Mk.
Fünf Millionen Mk.
Dieser Gutschein wird sofort nach Behebung des Bargeldmangels zur Einlösung aufgerufen. Die Einlösung erfolgt durch die Bayer. Vereinsbank fil. Bad Reichenhall, Bayer. Hypotheken- und Wechselbank fil. Bad Reichenhall, Stadthauptkasse Bad Reichenhall.
Bad Reichenhall, 10. September 1923.
Stadtrat Bad Reichenhall
Zugschwerdt's Nachf., Bad Reichenhall.
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Comments

Bad Reichenhall's city council issued this five-million Mark note during the most acute phase of the German hyperinflation, when municipal authorities across Bavaria were printing their own emergency currency — Notgeld — simply to keep local commerce functioning. The Reichsbank could not supply denominations fast enough as prices doubled weekly, forcing hundreds of towns and small cities to become de facto issuers.

Zugschwerdt's Nachf. was a local printing firm, almost certainly working at capacity on short turnaround. Notes at this denomination were obsolete within days of issue; by November 1923, five million Marks would not buy a postage stamp.

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