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| Issuer | Stadt Zwickau (City of Zwickau) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5 000 000 Mark (5 000 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | 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 | Log in to see details |
| Reverse lettering | FÜNF MILLIONEN MARK 5 Wer Gutscheine nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft. |
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| Protection type | Guilloche underprint |
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| Comments |
Zwickau's municipal administration — like hundreds of German cities in 1923 — was forced to issue its own emergency currency as the Reichsbank's printing presses failed to keep pace with hyperinflation. This Fünf Millionen Mark note belongs to the Notgeld phase when denominations were climbing so fast that notes were often obsolete within days of issue. A five-million mark note that would have seemed grotesque in 1921 was routine pocket change by mid-1923.
The guilloche underprint — the same mechanically-generated lathe-work used on banknotes proper — signals that local printers were accessing equipment normally reserved for security documents, a practical response to rampant counterfeiting of municipal issues.