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500 000 Mark
| Issuer | Stadtgemeinde Hof (City Municipality of Hof an der Saale) |
|---|---|
| Year | 1923 |
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| Currency | Mark (1914-1924) |
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| Obverse description | Printed in olive-green on cream paper, the note is framed by a multiple-border guilloche pattern with repeating wave and geometric motifs. The issuing authority 'Stadtgemeinde Hof.' appears in Gothic blackletter script at the top, beneath a validity clause in small roman type, followed by 'Gutschein' and the denomination 'Fünfhunderttausend Mark.' in large Gothic display script. The date 'Hof, 6. August 1923.' and the authority 'Stadtrat.' are centred below, with two manuscript signatures above the printed titles of II. Bürgermeister and Finanzreferent, and a two-line authorisation notice at the foot. |
|---|---|
| Obverse lettering | Nur gültig innerhalb der Stadt HOF bis zu dem in den Hofer Tageszeitungen bekannt gemachten Zeitpunkt. Stadtgemeinde Hof. Gutschein über Fünfhunderttausend Mark. Hof, 6. August 1923. Stadtrat. II. Bürgermeister. Finanzreferent. Zur Ausgabe genehmigt durch Entschließung des Reichsfinanzministers vom 4. August 1923. Nachahmungen oder Fälschungen werden strafrechtlich verfolgt. |
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| Comments |
Hof an der Saale issued its own emergency currency — Notgeld — during the hyperinflation peak of 1923, when the Reichsbank's output could not keep pace with the daily collapse of purchasing power. By the time denominations reached 500,000 Mark, that sum was barely sufficient for basic transactions; within weeks, the same municipality would be printing notes denominated in the billions.
Municipal Notgeld from this period was printed locally under considerable pressure, and quality control was not a priority. Paper stock, ink, and plate wear vary noticeably across surviving examples from Hof's 1923 issues.