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500 000 Mark

Issuer City of Erfurt (Notgeld)
Year 1923
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Value 500 000 Mark (500 000)
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Reverse description The reverse is printed entirely in green and consists of an elaborate all-over guilloche pattern of interlocking rosettes, star-burst medallions, and engine-turned wave borders covering the entire surface. The denomination 500000 is rendered in large outline numerals integrated into the centre of the guilloche field, their interiors filled with further lathe-work ornament. A small printer's mark or emblem appears in the lower right corner.
Reverse lettering 500000
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Comments

Erfurt's municipal emergency currency program ran well behind the hyperinflation curve by mid-1923 — the Reichsbank was printing faster than any local authority could authorize and distribute. A 500,000 Mark note, enormous in nominal terms just months earlier, was functionally small change by late summer. The Erfurter Druckerei und Plakatzentrale was a poster and commercial print house, not a security printer, and the guilloche underprint here is relatively crude by banknote standards.

Notgeld of this denomination was typically valid for only a matter of weeks before reissue at higher figures made it obsolete.

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