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| 表面の説明 | Notgeld voucher printed in dark red-brown on pale paper, with a dense guilloche border framing the entire face. The issuer legend "STADT FRANKFURT AM MAIN" runs along the top and bottom margins within the guilloche underprint, with large mirror-image denomination numerals at each lateral edge. The central text field carries the bold letterpress inscription "GUTSCHEIN ÜBER 50 MILLIONEN MARK" above a two-line redemption clause, the issuing authority "DER MAGISTRAT", the date "28. SEPTEMBER 1923", and a manuscript signature; the designer's name "HENZE" appears vertically at the left inner border. |
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| 表面の銘文 | STADT FRANKFURT AM MAIN STADT FRANKFURT AM MAIN GUTSCHEIN ÜBER 50 MILLIONEN MARK HENZE FRANKFURT A.M. FRANKFURT A.M. Die Einlösung dieses Scheines erfolgt bei der Stadthauptkasse Frankfurt/M. Der Zeitpunkt, mit dem die Gültigkeit abläuft, wird öffentlich bekannt gemacht. DER MAGISTRAT FRANKFURT A.M. 28. SEPTEMBER 1923 STADT FRANKFURT AM MAIN C. Naumann's Druckerei, Frankfurt a/M. |
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Frankfurt am Main was among dozens of German municipalities forced to issue their own emergency currency — Notgeld — as the Reichsbank's printing capacity buckled under hyperinflation in 1923. By the time this 50-million-Mark note entered circulation, the denomination itself was already being outpaced by daily price movements; notes of this face value had a practical lifespan measured in days before purchasing power made them economically irrelevant.
C. Naumann's Druckerei was a local Frankfurt commercial printer, not a specialist security press. That distinction matters — municipal Notgeld of this period varies considerably in print quality and paper stock, and Naumann-printed issues show corresponding inconsistencies across surviving examples.