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500 000 Mark
| Issuer | Stadt Waldshut (City of Waldshut) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 500 000 Mark (500 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Signature(s) | Log in to see details |
| Protection type | Official stamp |
| Protection description | Oval Stadtkassenverwaltung (municipal treasury) ink stamp applied to the reverse, dated 17 Aug 1923, as authentication control. |
| Variants | Log in to see details |
| Comments |
Waldshut's 500,000 Mark notgeld was issued in the summer of 1923, when German municipal authorities were legally authorized — in fact, compelled — to print emergency money because the Reichsbank simply could not supply denominations fast enough to keep pace with hyperinflation. The city printed locally, which accounts for the comparatively crude production relative to notgeld from larger urban centers with better press facilities.
The official stamp served as the primary anti-counterfeiting measure — not an unusual choice for small municipalities with no access to intaglio presses or watermarked stock. By the time notes of this denomination felt routine, million and billion Mark issues were already being prepared.