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| 表面の説明 | Typeset Notgeld gutschein printed in red on cream paper, enclosed within a double-rule zigzag border. The denomination "Fünf Millionen Mark" is set in large bold letterpress type at centre, with the serial number upper left and "5 000 000 Mk." upper right. Two handwritten signatures appear below the issuing authority text, accompanied by a circular blue official municipal cachets. |
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| 表面の銘文 | 5 000 000 Mk. Gutschein der Stadt Laufen über Fünf Millionen Mark Der Schein gilt bis 4 Wochen nach Aufruf im Laufener Wochenblatt. Die Stadtgemeinde haftet mit ihrem ganzen Vermögen für seine Einlösung. Laufen (Obb.), 17. September 1923. Stadtrat : Stadtkasse : (Translation: 5,000,000 Marks Voucher of the City of Laufen for Five Million Marks The note is valid until 4 weeks after announcement in the Laufen Weekly Newspaper. The city community is liable with all its assets for its redemption. Laufen (Upper Bavaria), September 17, 1923. City Council: City Treasury:) |
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Laufen sits on the Salzach directly opposite the Austrian town of Oberndorf — the same river that made it a minor but functional commercial crossing point and the same geography that complicated currency circulation during hyperinflation, when Austrian and German notes were both in use locally. This Notgeld issue came from the municipality itself, not a bank, which was increasingly common by mid-1923 as the Reichsbank's own output failed to keep pace with the collapsing mark.
J. E. Ried was a local press, not a specialist banknote printer. At 5,000,000 Mark face value, this note dates from the summer acceleration of hyperinflation, before denominations climbed into the billions later that autumn.