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500 000 Mark
| Issuer | Stadt Waldshut (City of Waldshut) |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Stadt Waldshut Gutschein über Fünfhunderttausend Mark WALDSHUT STADT GEMEINDE Gültig bis zum Aufruf in den Waldshuter Zeitungen. Nachahmung oder Fälschung wird strafrechtlich verfolgt. Waldshut, den 16. Aug. 1923 Der Bürgermeister: Mk. 500 000 |
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| Reverse lettering | WALDSHUT 17 Aug 1923 Stadtkassenverwaltung |
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| 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.