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500 000 Mark
| Issuer | Stadt Ludwigshafen am Rhein (City of Ludwigshafen am Rhein) |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | STADT LUDWIGSHAFEN AM RHEIN GUTSCHEIN ÜBER Fünfhunderttausend Mark LUDWIGSHAFEN A. RH., DEN 4. SEPTEMBER 1923. DER OBERBÜRGERMEISTER: DIESER GUTSCHEIN WIRD SPÄTESTENS ZUM 1. JANUAR 1924 ZUR EINLÖSUNG AUFGERUFEN. |
| Reverse description | No second image provided; reverse description not available. |
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| Comments |
Ludwigshafen issued its own emergency currency — Notgeld — because the Reichsbank simply could not print fast enough to meet the demand created by hyperinflation. By mid-1923, the mark was losing value so rapidly that payroll runs required denominations that would have been unimaginable twelve months earlier. A 500,000 Mark note was not a large sum by the time it reached circulation.
Municipal issues like this one were printed locally and backed by nothing more than civic authority — the city's promise to accept them in payment of local taxes and fees.