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500 000 Mark
| Issuer | Stadt Cassel (City of Kassel) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | STADT CASSEL Gut für Fünfhunderttausend Mark CASSEL, DEN 20. AUGUST 1923 der Magistrat BUCHSTABE A 500 000 |
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| Reverse lettering | STADT CASSEL 500000 Mark Einlösung bei sämtlichen städtischen Kassen DRUCK: A.-G. WENDEROTH, CASSEL |
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| Comments |
Kassel's municipal authority — like hundreds of German cities in 1923 — was forced to issue its own emergency currency as the Reichsbank struggled to print fast enough to keep pace with hyperinflation. The Stadt Cassel notes were locally produced by Wenderoth, a Kassel-based printing firm, which kept turnaround times short during a period when the purchasing power of a denomination could collapse within days of printing.
The 500,000 Mark figure, astronomical by any prior standard, was already approaching irrelevance by late 1923. Notgeld of this era was often spent the same day it was issued.