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500 000 Mark

Issuer Districts of Bonn and Sieg (Prussian province of Rhine)
Year 1923
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Printer Rhenania-Druckerei, Bonn, Germany
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Reverse description The reverse is printed entirely in violet and centres on a large, horizontally elongated guilloche rosette composed of three interlocking medallions of fine engine-turned lathe work. The denomination "MARK 500 000 MARK" is typeset in spaced capitals along the top and bottom margins, while "STADT BONN" runs vertically in spaced capitals along both side margins, forming a continuous text border framing the central guilloche on all four sides.
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Protection description Borromean rings
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Comments

German Notgeld at the half-million Mark level dates to the frantic mid-1923 phase of hyperinflation, when municipal and district authorities across Prussia were legally permitted to issue emergency currency because the Reichsbank simply could not print fast enough to keep pace with collapsing purchasing power. The Bonn and Sieg districts issued through Rhenania-Druckerei, a local commercial printer, which was entirely typical of the period — the Reichsbank had no capacity to supply regional administrations, so contracts went to whoever had paper and presses.

The watermarked stock was a nod toward security, though by autumn 1923 the denomination itself was obsolete within weeks of printing.

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