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5000 Mark Sächsische Bank
| Issuer | Sächsische Bank zu Dresden |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5000 Mark |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | SÄCHSISCHE BANKNOTE Fünftausend Mark ZAHLT DIE SÄCHSISCHE BANK ZU DRESDEN IN DRESDEN GEGEN DIESE BANKNOTE DEM EINLIEFERER. DRESDEN, DEN 12. MÄRZ 1923. Sächsische Bank zu Dresden Staatsvertreter. Direktor. Direktor. |
| Reverse description | The reverse is executed entirely in teal on a pale ground, dominated by a large central guilloche rosette from which the bold numeral "5000" emerges in white-outlined figures, flanked by the word "MARK" above and below. Two smaller circular guilloche medallions at left and right each contain the stylised figure "5000". The design is enclosed within a multi-rule guilloche frame, and the field is divided into four text panels carrying the recall notice dated 1 October 1923 and the statutory counterfeiting warning prescribed under the German Penal Code. |
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| Comments |
The Sächsische Bank zu Dresden was one of four German private note-issuing banks still operating under concession in the early 1920s, alongside the Bayerische, Badische, and Württembergische Notenbanken. Unlike the Reichsbank, these regional institutions had to seek Reichsbank approval before expanding their note circulation — a constraint that created genuine administrative friction during the hyperinflationary spiral of 1923, when the pace of monetary collapse made any approval lag potentially ruinous for local commerce.
A print run of over twelve million for a single denomination tells you something about the velocity of that collapse. Notes issued in early 1923 could be functionally worthless before the ink was properly dry.