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500 000 Mark Gewerbebank

Issuer Gewerbebank Saulgau e.G.m.b.H.
Year 1923
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Shape Rectangular
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Reverse description The reverse is entirely unprinted, showing plain buff paper with show-through of the circular blue official stamp visible at the left from the obverse impression.
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Protection type Official stamp
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Comments

Gewerbebank Saulgau e.G.m.b.H. was a cooperative trade bank — the "Gewerbebank" designation marking it as serving local artisans and small businesses rather than municipal or state interests. During the hyperinflation peak of 1923, hundreds of such institutions across Germany issued notgeld at face values that would have been unthinkable eighteen months earlier. The Otto Bachmann printing house was a local Saulgau operation, not a specialist banknote printer, which shows in the production quality.

The official stamp serves as the primary authentication mechanism — a telling sign of how improvised emergency currency issuance had become by mid-1923.

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