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500 000 Mark

Issuer Stadtrat Bad Reichenhall (City Council of Bad Reichenhall)
Year 1923
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Value 500 000 Mark (500 000)
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Obverse lettering Gutschein
Fünfhunderttausend Mk.
Dieser Gutschein wird sofort nach Behebung des Bargeldmangels zur Einlösung aufgerufen. Die Einlösung erfolgt durch die Bayer. Vereinsbank Filiale Bad Reichenhall, Bayer. Hypotheken- und Wechselbank Filiale Bad Reichenhall, Stadthauptkasse Bad Reichenhall.
Bad Reichenhall, 13. August 1923
Stadtrat Bad Reichenhall:
500 000 Mark
Reverse description The reverse is entirely unprinted, presenting a plain cream-coloured paper surface with show-through of the obverse text visible as a faint mirror impression, consistent with the lightweight stock used for this Notgeld issue.
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Comments

Bad Reichenhall's municipal council issued emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsbank's own supply of legal tender was simply unable to keep pace with demand. Half-million mark denominations, unthinkable two years earlier, were routine by mid-1923; by November, this note would have bought almost nothing.

Carl Schiffmann's signature is confirmed; the second signatory is illegible across surviving examples, suggesting a lower administrative official rather than an elected councillor. The official seal substitutes for more sophisticated security printing — typical of municipal issues produced under time pressure without access to professional banknote printers.

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