100 000 marek 1923

Common. eBay market data shows regular sales activity with prices ranging from $7 to $59 depending on condition, with Fine-graded examples consistently selling in the $18-$24 range. The catalog value for Fine condition is listed at $30. This note was produced during an active circulation period and represents a standard issue of the hyperinflation era. Print runs for 100,000-mark denominations from August 1923 were substantial, and surviving examples are readily available to collectors.

Issued by the Polska Krajowa Kasa Pożyczkowa (Polish National Loan Bank) during Poland's severe post-war hyperinflation crisis, this 100,000-mark note exemplifies the escalating denominations required as the currency rapidly deteriorated in value. The note's imagery—featuring the Polish national double-headed eagle coat of arms and formal state seals—reflects Poland's efforts to establish monetary credibility and sovereignty following independence from partition powers. The August 1923 date places this note at the peak of Polish hyperinflation, which would culminate in currency reform later that year.

The note employs a symmetrical, formal design typical of early 20th-century European currency. The front features ornate Art Deco-style decorative borders with intricate floral and geometric patterns in brown and tan tones. Two large circular rosette medallions flanking the central text area display the numeral '100000' in prominent positions. The center contains the issuing authority name, denomination in words, and an official declaration of state backing. The reverse side showcases the Polish national coat of arms—a crowned double-headed eagle—as the dominant central element, surrounded by concentric circular decorative rings and security medallions. Four corner medallions containing the denomination numeral provide both design balance and anti-counterfeiting measures. The color palette shifts to blue-gray and teal on the reverse, creating visual distinction between sides.

FRONT SIDE: 'POLSKA KRAJOWA KASA POŻYCZKOWA' (Polish National Loan Bank) | 'STO TYSIĘCY MAREK POLSKICH' (One Hundred Thousand Polish Marks) | 'PAŃSTWO POLSKIE BIERZE NA SIEBIE ODPOWIEDZIALNOŚĆ ZA WYPŁACENIE NINIEJSZEGO BILETU POLSKIM WENŁUG STOSUNKU KTÓRY DLA MAREK POLSKICH UCHWAŁA WŁADZĘ USTAWCDAWCZE' (The Polish State assumes responsibility for payment of this note in Polish currency according to the ratio which for Polish marks was adopted by the legislative authorities) | 'WARSZAWA, ONIA 30. SIERPNIA 1923 ROKU' (Warsaw, August 30, 1923) | 'DYREKCJA POLSKIEJ KRAJOWEJ KASY POŻYCZKOWEJ' (Direction of the Polish National Loan Bank) | Serial number: C 4466317. BACK SIDE: 'POLSKA KRAJOWA KASA POŻYCZKOWA' (Polish National Loan Bank) | '100000' (denomination) | 'KTO PODRABIA LUB FAŁSZUJE BILETY POLSKIEJ KRAJOWEJ KASY POŻYCZKO-WOWEJ, ALBO PUSZCZA W OBIEG LUB USUUJE PUSCIC W OBIEG PODROBIONE LUB FAŁSZOWANE BILETY, PODLEGA KARZE CIEŻKIEGO WIĘZIENIA' (Whoever forges or falsifies banknotes of the Polish National Loan Bank, or puts into circulation or assists in putting into circulation forged or falsified notes, is subject to hard labor imprisonment).

Steel or copper plate engraving, executed with the high-quality intaglio techniques standard for central bank currency of this era. The complex rosette designs, intricate border patterns, and fine line work characteristic of engraved banknote production are evident throughout. The concentric circular security rings surrounding the coat of arms demonstrate sophisticated anti-counterfeiting engraving. The printer for Polish National Loan Bank issues of this period was typically handled by established European security printers, though specific attribution would require additional documentation.

This specific example carries serial number C 4466317 with prefix 'C', indicating it is part of the standard production run from August 30, 1923. The Pick catalog lists P-34 as the sole variant for this denomination and issuer combination, with no reported sub-varieties based on serial prefix or printing variations. The note represents the regular issue with no known overprints or special markings.