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50 000 000 Mark
| Issuer | Stadtgemeinde Wald (City of Wald, Prussian province of Rhine) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Obverse description | Letterpress-printed Notgeld gutschein in green on thin light-coloured paper, with the large bold numeral "50" at top centre within a guilloche-bordered frame and red series letter "G" repeated at each upper corner. The central field carries the denomination "Millionen Mark" in Gothic blackletter script over a fine rosette underprint, flanked by vertical side bars bearing the inscription "STADT WALD" in solid dark type. A three-line redemption clause in Roman type occupies the lower centre, followed by the place-and-date line "Wald, den 5. August 1923" at lower left and the mayoral designation "Der Bürgermeister:" with a manuscript signature at lower right, above a red serial-number panel at the foot. |
|---|---|
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| Protection type | Log in to see details |
| Protection description | Wave/furrow (Furchen) pattern watermark visible throughout the paper stock |
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| Comments |
Wald was a small industrial town in the Bergisches Land, administratively absorbed into Solingen in 1929. Like hundreds of German municipalities in the late summer and autumn of 1923, it issued its own emergency currency — Notgeld — as the Reichsbank's printing capacity failed to keep pace with hyperinflation. By the time denominations this large were being struck at the local level, the mark was losing value faster than notes could be distributed.
The watermarked paper is notable — most municipal issues of this period used whatever stock was available, often plain. A watermarked substrate suggests either advance procurement or paper sourced from a commercial printer with existing stock.