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| Issuer | Württembergische Notenbank |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Red and tan letterpress note with an elaborate guilloche underprint framing the entire face. The issuer's name 'Württembergische Notenbank' is set in Gothic blackletter script at the top, above a small ornamental vignette at centre; the denomination 'Fünf Millionen Mark' is rendered in large Gothic script dominating the centre field, with the numeral '5,000,000' repeated at lower left and right. The place and date of issue, Stuttgart, 1. August 1923, appear at the foot alongside two manuscript signatures under the designations 'für den Aufsichtsrat' and 'der Vorstand', with a redemption clause in small text along the bottom margin. |
|---|---|
| Obverse lettering | Die Württembergische Notenbank bezahlt je- dieses dem Inhaber Scheines Fünf Millionen Mark 5,000,000 Mark 5,000,000 in Reichswährung für den Aufsichtsrat- der Vorstand- Stuttgart 1. August 1923 Vom 31. Dezember 1923 ab kann diese Banknote aufgerufen und unter Umtausch gegen andere gesetzliche Zahlungsmittel eingezogen werden. |
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| Comments |
The Württembergische Notenbank was one of four private note-issuing banks permitted to operate alongside the Reichsbank under Germany's pre-1935 banking structure. During the hyperinflation of 1923, these regional institutions printed their own emergency denominations independently — not as Reichsbank proxies, but under their own legal authority. The Stuttgart-based bank's 5-million-Mark notes belong to the frantic summer and autumn issues when denominations escalated weekly, sometimes daily, to keep pace with collapsing purchasing power.
The Württembergische Notenbank was formally absorbed when the Reichsbank monopoly was consolidated in 1935.