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| 正面铭文 | 50.000.000 Gutschein des Marktes Haag (Obb.) über Fünfzig Millionen Mark Das Ende der Laufzeit dieses Gutscheines wird öffentlich bekannt gemacht. Die Marktgemeinde Haag haftet mit ihrem gesamten Vermögen für seine Einlösung. Haag (Obb.) 8. Sept. 1923 (Translation: 50,000,000 Voucher of the market town of Haag (Upper Bavaria) for Fifty Million Marks The expiration of this voucher will be publicly announced. The market town of Haag is liable with all its assets for its redemption. Haag (Upper Bavaria) September 8, 1923) |
| 背面描述 | Unframed cream reverse printed in light blue, bearing a central vignette of the Haag town church with its characteristic multi-spired towers and adjacent buildings rendered in a simplified line-art style. The image is printed in pale blue ink and occupies most of the face, with no additional text or border ornament. |
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Haag in Oberbayern is a small market town southeast of Munich, and its municipal administration was among the thousands of German local authorities forced to print their own emergency currency during the hyperinflationary collapse of 1923. By the time notes in this denomination were necessary, the Reichsmark was losing value faster than presses could print — a 50-million Mark note was, in practical terms, a short-term grocery token.
Municipal Notgeld at this scale was typically valid for days, sometimes hours, before the face value became economically meaningless. The issuing authority bears watching: Marktgemeinde rather than a savings bank or chamber of commerce, which places fiscal responsibility squarely on the town council itself.