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| 正面铭文 | 登录 以查看详情 |
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| 背面铭文 | Landeshauptstadt Karlsruhe Gutschein über Fünf Hundert-Tausend Mark 500 000 Der Gothische Thurm Das Nassauische Palais Das Durlacher Thor Das Ettlinger Thor Nur mit Trockenstempel Gültig |
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| 防伪类型 | Dry seal (Trockenstempel) |
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Karlsruhe's municipal administration issued this 500,000 Mark note during the hyperinflationary summer of 1923, when German cities, counties, and private firms were legally authorized — and practically compelled — to print their own emergency currency (Notgeld) to fill the void left by the Reichsbank's inability to supply denominations fast enough for daily transactions. Half a million marks, a staggering figure by any prewar standard, was by mid-1923 roughly equivalent to a loaf of bread.
The dry seal impressed into the paper served as the primary authentication device — a practical choice when speed of issue mattered more than sophisticated security printing. Designer A. Kusche is credited on the note, an unusual acknowledgment for municipal emergency currency of this type.