1 000 000 Mark

Danzig's municipal emergency issues of 1923 were a direct product of Weimar-era hyperinflation spilling into the Free City, which — despite being a nominally independent entity under League of Nations protection — was economically tethered to Germany and absorbed the same monetary collapse. The Stadtkreis, essentially the city's municipal authority, issued notgeld at million-mark denominations because no other instrument existed to handle daily transactions at those levels.

The April 1923 print date places this squarely in the acceleration phase, before the catastrophic peak later that autumn.