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500 000 Mark Murnau

Issuer Marktgemeinde Murnau
Year 1923
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Value 500 000 Marks (500 000)
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Obverse lettering FÜNFHUNDERTTAUSEND MARK.

DIE MARKTGEMEINDE MURNAU HAFTET FÜR DIE EINLÖSUNG BIS ZUM WIDERRUF, DER DURCH BEKANNTMACHUNG IM AMTSBLATT ERFOLGT.

MURNAU, IM AUGUST 1923
MARKTGEMEINDE MURNAU
Reverse description Central vignette in black letterpress depicts a winged dragon soaring above Murnau am Staffelsee's main street, with a crowd of townspeople below and Alpine peaks in the background. A column with a saint's figure stands at centre. Ornate floral side borders frame the composition, with the denomination in large bold type at the top and the issuer legend in two lines at the foot.
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Comments

Murnau's 500,000 Mark note was issued during the hyperinflationary peak of 1923, when German municipal authorities — having no legal obligation to produce emergency currency but every practical reason to — stepped in to fill a void the Reichsbank could not adequately supply. These Notgeld issues at the half-million mark level reflect the specific window between April and late 1923, when denominations that had seemed unthinkable six months earlier became necessary for basic transactions.

Josef Fürst was a local Murnau printer, not a specialist banknote house. That distinction matters: the production tolerances, ink consistency, and paper stock are those of a regional job printer, which accounts for the variability seen across surviving examples from this series.

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