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500 000 Mark

Issuer Stadt Wald (City of Wald)
Year 1923
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In circulation to Yes
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Reverse description The reverse is dominated by a large central guilloche-formed stylized "W" in light brown tones against a beige underprint, serving as the primary vignette for the municipality of Wald. The denomination "500 000" is repeated in each corner, while bold dark brown letterpress text reading "STADT", "MARK 500 000 MARK", and "WALD" frames the central motif vertically. The anti-counterfeiting warning "Nachahmung strafbar" and the printer's imprint "Walther Stadtgesellsch. Solingen." appear along the lower margin.
Reverse lettering 500 000 500 000
STADT
MARK 500 000 MARK
WALD
500 000 500 000
Nachahmung strafbar
Walther Stadtgesellsch. Solingen.
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Stadt Wald was a small industrial municipality in the Bergisches Land that issued its own emergency currency — Notgeld — during the hyperinflationary collapse of 1923. By the time 500,000-Mark denominations became necessary, the Reichsmark was losing value faster than notes could be printed and distributed. Local authorities across Germany stepped in because the Reichsbank simply could not supply currency in sufficient volume.

Walther Stadtgesellschaft, based in the neighboring city of Solingen, handled printing for several municipal issuers in the region. Wald itself was absorbed into Solingen in 1929, which makes its independent civic issues a brief window — the paper record of a municipality that no longer exists.

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