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| 正面描述 | Plain cream paper Notgeld interim voucher (Interims-Gutschein) issued by the City of Frankfurt am Main, printed in black letterpress throughout. The denomination 'Fünfhunderttausend Mark' is set in a large, bold blackletter typeface at centre, above a three-line redemption clause in smaller roman type; a faint ornamental frame underprint surrounds the central text. The serial number prefix 'A' with numeral appears at lower left, two manuscript signatures for 'Der Magistrat' are at lower right, and the date 'Frankfurt a.M., 1. August 1923.' is printed at the foot, with the printer's imprint 'J. Maubach & Co., G.M.B.H., Frankfurt A.M.' in the lower right corner. |
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| 正面铭文 | STADT FRANKFURT AM MAIN Interims-Gutschein über Fünfhunderttausend Mark Dieser Interims-Gutschein wird innerhalb einer noch bekanntzugebenden Frist an unseren Kassen gegen andere städtische Zahlungsmittel umgetauscht. Der Magistrat Frankfurt a. M., 1. August 1923. J. MAUBACH & CO., G. M. B. H., FRANKFURT A. M. |
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By mid-1923, German municipal authorities were printing their own emergency currency — Notgeld — because Reichsbank notes were arriving faster than the hyperinflationary spiral could be tracked. Frankfurt am Main was among the larger cities issuing high-denomination paper in-house rather than waiting on central supply. J. Maubach & Co. was a local Frankfurt commercial printer, not a specialist banknote firm, which shows in the production values.
The 500,000 Mark figure, staggering on its face, was already obsolete within weeks. By November 1923, a single US dollar exchanged for roughly 4.2 trillion Marks.