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500 000 000 Mark Allgemeine Deutsche Credit-Anstalt
| Issuer | Allgemeine Deutsche Credit-Anstalt, Filiale Chemnitz |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 500 000 000 Mark (500 000 000) |
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| Obverse description | Notgeld cheque-format emergency note printed in dark blue on a green fine guilloche underprint covering the entire field. The denomination 'Mk. 500 Millionen' appears in bold letterpress at upper right and vertically along the left margin, with the serial prefix letter and number in red at upper left. The body text instructs the Dresdner Bank Filiale Chemnitz to pay the bearer from current account funds, with the amount spelled out in large bold type as 'Mark Fünfhundert Millionen'. Dated 'Chemnitz, den 28. September 1923' at lower left, with the issuer name 'Allgemeine Deutsche Credit-Anstalt Filiale Chemnitz' at lower right above two manuscript authorisation signatures, and a red diagonal overprint 'Nur zur Verrechnung!' applied across the face. |
|---|---|
| Obverse lettering | Mk. 500 Millionen D 015632 Die Dresdner Bank Filiale Chemnitz zahle gegen diesen Scheck aus unserem Guthaben an Überbringer Mark Fünfhundert Millionen Chemnitz, den 28. September 1923 Allgemeine Deutsche Credit-Anstalt Filiale Chemnitz Nur zur Verrechnung! |
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| Comments |
The Allgemeine Deutsche Credit-Anstalt was one of Germany's major joint-stock banks, and by late 1923 its Chemnitz branch was issuing emergency currency — Notgeld — in denominations that would have been unthinkable eighteen months earlier. The 500,000,000 Mark figure reflects the hyperinflation peak, when the Reichsbank could not supply enough official currency fast enough to meet basic payroll demands in industrial Saxony.
Commercial banks issuing their own Notgeld at this scale was legally tolerated but administratively chaotic. Redemption obligations became largely theoretical once the Rentenmark stabilization took effect in November 1923.