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| 表面の説明 | Brown letterpress on plain paper within a rectangular border. The municipal coat of arms of Eisfeld, bearing a rampant lion beneath a crown, appears in the upper left. The large denomination numeral '500000 Mark' is set in bold display type at centre, with the written-out amount 'Fünfhunderttausend Mark' below. Vertical marginal text appears on both left and right sides, and the note bears the issuing date 'Eisfeld, den 9. August 1923', the issuer name 'Städtische Sparkasse', and the manuscript signature of the Direktor at lower centre. |
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| 表面の銘文 | Serie I No. Platzanweisung. 500000 Mark Fünfhunderttausend Mark zahlt die Städt. Sparkasse in Eisfeld bei Vorlage dieser Anweisung an den Überbringer. Eisfeld, den 9. August 1923. Städtische Sparkasse Direktor. FERD. DIETSCH, EISFELD. |
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Eisfeld is a small town in the Thüringer Wald — the kind of place that would never have issued its own currency under ordinary circumstances. But the hyperinflation of 1923 forced thousands of German municipalities, savings banks, and private firms to print emergency money (Notgeld) simply to meet payroll and conduct daily commerce, as the Reichsbank could not produce official notes fast enough to keep pace with collapsing purchasing power. By the time this 500,000 Mark note was issued, that denomination was worth less each week it sat unspent.
Ferd. Dietsch was a local Eisfeld printer — a detail worth noting because it means design quality was entirely dependent on a small regional shop's capabilities, not a specialist security printer.