5000 Mark

Sagan — now Żagań in southwestern Poland — was a mid-sized Silesian town best known, if at all, to English-speaking audiences as the site of Stalag Luft III. In 1923 it was firmly German, and like hundreds of other municipalities it issued emergency currency through its Stadtgirokasse, the municipal giro cashier's office, as hyperinflation collapsed the Reichsmark's purchasing power so rapidly that central bank supply couldn't keep pace with daily wage requirements.

Flemming & Wiskott was one of the more prolific Notgeld printers of the period, with operations spread across Glogau, Berlin, and Breslau — which explains why attribution of press location for individual runs can be ambiguous. The Glogau plant, roughly 30 kilometers from Sagan, was the logical choice for a local municipal contract of this kind.