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500 000 Mark Sächsische Bank
| Issuer | Sächsische Bank zu Dresden |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 500 000 Mark (500 000) |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Cream-toned note with a rope-pattern border enclosing the entire face. A large, intricate multicolour guilloche rosette in green and rose occupies the centre, over which the denomination "Fünfhunderttausend Mark" is printed in bold Gothic blackletter script. Below the denomination, a two-line payment promise text names the Sächsische Bank zu Dresden, followed by the issue date "Dresden, den 15. August 1923" and the issuer's name in Gothic lettering; three manuscript signatures appear at the foot alongside their printed titles (Staatsvertreter and two Direktoren), with red serial numbers printed vertically on both left and right margins. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | SÄCHSISCHE BANK ZU DRESDEN MARK 500.000 MARK Wer Banknoten nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird nach den einschlagenden Bestimmungen des Strafgesetzbuches für das Deutsche Reich bestraft SÄCHSISCHE BANK ZU DRESDEN |
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| Comments |
The Sächsische Bank zu Dresden was one of four German private note-issuing banks still operating during the hyperinflation of 1923, permitted under the German Banking Act to circulate their own notes alongside Reichsbank currency. By the time this 500,000 Mark denomination was authorized, the figure was already obsolescent — inflation was advancing faster than the presses could respond, and notes of this face value were worth days, sometimes hours, of purchasing power before needing replacement.
The print run of just over twelve million is modest relative to the Reichsbank's concurrent output, reflecting the Sächsische Bank's regional scope.