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500 000 Mark Haag in Oberbayern
| Issuer | Marktgemeinde Haag (Obb.) |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Typeset notgeld in Fraktur blackletter on a cream ground with a yellow floral guilloche underprint at centre. The denomination "500.000 Mk." appears at upper right, the serial number at upper left, and the large letterpress value "Fünfhunderttausend Mk." dominates the centre field. A circular municipality stamp and two manuscript signatures of the Marktgemeinderat appear at lower centre. |
|---|---|
| Obverse lettering | 500.000 Gutschein des Marktes Haag (Obb.) über Fünfhunderttausend Mk. Das Ende der Laufzeit dieses Gutscheines wird öffentlich bekannt gemacht. Die Marktgemeinde Haag haftet mit ihrem gesamten Vermögen für seine Einlösung. Haag Obb., 8. Sept. 1923. Marktgemeinderat: (Translation: 500,000 Voucher of the Market of Haag (Upper Bavaria) for Five Hundred Thousand Marks. The end of the validity of this voucher will be publicly announced. The market municipality of Haag is liable with all its assets for its redemption. Haag (Upper Bavaria), 8 September 1923. Market Municipal Council:) |
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| Comments |
Haag in Oberbayern is a small market town in Upper Bavaria, and its Notgeld issues from the hyperinflation peak of 1923 reflect exactly how far authority had devolved during that period — municipal administrations at the village level were printing emergency currency because the Reichsbank simply could not keep pace with denomination demand. By mid-1923, 500,000 Mark was already a figure that bought little.
Local Notgeld of this type was typically valid for days, not weeks, before inflation rendered the face value irrelevant.