Design marked with series B, twice perforated diagonally.
Banknote broken by a printed field.
Natural Piece.
Banknotes with denominations from 10,000 to 10,000,000 Polish marks illustrate the rate of Polish inflation of the first half of the 1920s. By mid-1922, the highest denomination was 5,000 Polish marks. In mid-September, 10,000 Polish marks were introduced into circulation. In early 1923, the Polish National Loan Fund issued 50,000 Polish marks. At the end of August, 250,000 Polish marks were put into circulation; in October, 500,000 Polish marks; in November, one-million-dollar banknotes were put on the market, and a month later, ten-million-dollar banknotes. At the same time, low-denomination banknotes were losing value. In 1923-1924, the lowest denomination that was in circulation was 50,000 Polish marks.
Banknotes of the time of inflation in Poland were designed in teams by full-time employees of the State Graphic Works. These denominations are characterized by impoverished graphic design and limited to the inscription layer. They are two-color banknotes with visible color demarcation. On most denominations, the decorations are guilloche ornaments and floral decoration.
