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5000 Mark Sächsische Bank
| Issuer | Sächsische Bank zu Dresden |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5000 Mark |
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| Obverse description | The obverse is printed in teal and dark blue on a pale ground, with an elaborate guilloche border incorporating rosette ornaments at each corner and stylised pillar motifs flanking the central field. The denomination "Fünftausend Mark" is rendered in bold black Fraktur script across the upper portion, beneath a rectangular panel bearing the legend "SÄCHSISCHE BANKNOTE" in capitals. Circular medallions at left and right each carry the numeral "5000 MARK", while the central text block states the promise to pay, the issuing authority "Sächsische Bank zu Dresden", and the date "Dresden, den 12. März 1923", followed by three manuscript facsimile signatures above their respective titles. |
|---|---|
| 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. |
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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.