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500 000 Mark

Issuer Stadt Plauen (City of Plauen)
Year 1923
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Currency Mark (1914-1924)
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Obverse lettering GUTSCHEIN
500000
Gültig nur im Bezirke der Stadt Plauen i. V. während der im amtlichen Bekanntmachungsblatte des Stadtrates bekannt gegebenen Laufzeit.
Fünfhunderttausend Mark
zahlen die städtischen Kassen zu Plauen i. V. gegen Rückgabe dieses Gutscheins innerhalb der bekannt gegebenen Laufzeit.
Plauen, den 1. August 1923.
Der Rat der Stadt Plauen
Oberbürgermeister.
Stadtkämmerer.
Reverse description Blue-grey letterpress on cream paper with a continuous wave-pattern guilloche outer border enclosing an elaborate symmetrical underprint of three interlocking rosette vignettes. The denomination Fünfhunderttausend Mark is set in large bold Fraktur script across the centre. A counterfeiting-penalty clause in Gothic type runs along the top, a serial number appears at lower right, and a two-line validity statement is printed at the foot.
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Comments

Plauen was one of hundreds of German municipalities forced into emergency currency production during the hyperinflation of 1923, when the Reichsmark's collapse outpaced the Reichsbank's ability to supply adequate denominations. By mid-1923, half a million marks would not have covered a tram fare for long — notes like this were already obsolete in purchasing power within days of issue.

City-issued Notgeld at this denomination was printed locally under considerable time pressure, which is why quality control across the series is inconsistent. Paper stock and impression sharpness vary noticeably between batches.

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