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| 正面描述 | Letterpress-printed Notgeld coupon on pale green guilloche underprint, enclosed within a geometric black border. The issuer's name 'Bezirks-Sparkassa Traunstein' is set in bold type at the top, above the large denomination inscription 'Fünfhunderttausend Mark' with the numeral '500000' printed as a pale red underprint behind the text. Two handwritten signatures appear at the lower centre over a circular official violet ink stamp of the Bezirks-Sparkassa Traunstein, with redemption conditions and the date 'Traunstein, 10. August 1923' printed in smaller type above. |
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| 正面铭文 | Bezirks-Sparkassa Traunstein Gutschein über Fünfhunderttausend Mark 500000 (behind Fünfhunderttausend Mark) Für die Einlösung haftet die Bezirksgemeinde Traunstein mit ihrem vollen Vermögen. Einlösung spätestens 4 Wochen nach ergangenem Aufruf in den Tagesblättern des Bezirks. Traunstein, 10. August 1923 Bezirks-Sparkassa Traunstein BUCHDRUCKEREI ED. LEOPOLDSEDER, TRAUNSTEIN (Translation: Bezirks-Sparkassa Traunstein Coupon for Five Hundred Thousand Marks 500000 (printed behind Five Hundred Thousand Marks) The district municipality of Traunstein is liable for the redemption with its full assets. Redemption no later than 4 weeks after the call has been issued in the daily newspapers of the district. Traunstein, August 10, 1923 Bezirks-Sparkassa Traunstein BUCHDRUCKEREI ED. LEOPOLDSEDER, TRAUNSTEIN) |
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Traunstein's Bezirks-Sparkassa was among hundreds of German savings institutions forced to issue emergency currency — Notgeld — as Reichsbank denominations fell catastrophically behind the pace of hyperinflation in 1923. By the time 500,000 Mark notes were being printed, that sum represented perhaps a day's wages at best. The district printer Ed. Leopoldseder handled the job locally, which was the point: speed mattered far more than security features.
The note belongs to the inflationary peak preceding the Rentenmark stabilization of November 1923, after which virtually all municipal Notgeld was called in and destroyed.