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| Issuer | Stadt Dresden (City of Dresden) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | 5,000,000 Reihe A Gutschein Gültig im Bezirk der Stadt Dresden Fünf Millionen Mark zahlen die Kassen der Stadt gegen Rückgabe dieses Gutscheines Dresden, den 18. August 1923. Der Rat zu Dresden Oberbürgermeister Die Stadthaupt kasse Hauptkassendirektor |
| Reverse description | Reverse printed entirely in green, centred on a large ornate guilloche cartouche with radiating lathe-work from which the bold Gothic numeral '5' rises at the top, above the denomination 'Millionen Mark' in large display lettering. Two circular vignettes in the upper corners each bear the legend 'Jahresschau Deutscher Arbeit — Dresden' around a stylised eye motif, referencing the 1922–1923 Dresden trade exhibition. Vertical anti-counterfeiting and redemption notices in small Gothic script are printed in framed panels along the left and right margins, with the printer's imprint 'Druck Kunstanstalt Stengel & Co. G.m.b.H. Dresden' at the lower right. |
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| Comments |
Dresden's municipal administration was among hundreds of German cities forced into emergency currency production during the hyperinflation crisis of 1923, when the Reichsbank simply could not print fast enough to meet demand. Stengel & Co. was primarily a fine-art publishing house and postcard printer — not a banknote specialist — which is precisely why they were pressed into service. The firm's existing lithographic capabilities made them a practical choice, and they had the equipment to turn around large print runs quickly.
By the time 5,000,000 Mark notes were necessary, the denomination itself was obsolete within weeks of issue.