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1 000 000 000 Mark Duisburger Kupferhütte
| Issuer | Duisburger Kupferhütte (Duisburg Copper Smelter) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein über Eine Milliarde Mark 1 Milliarde Die Einlösung dieses Gutscheines muß spätestens 14 Tage nach Aufruf in den hiesigen Tageszeitungen bei der Hauptkasse der Duisburger Kupferhütte oder bei einer der Großbanken Duisburgs erfolgen. Duisburg, den 15. August 1923. Duisburger Kupferhütte Reihe J DUISBURG DUISBURGER KUPFERHÜTTE |
| Reverse description | Log in to see details |
| Reverse lettering | DK |
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| Comments |
Duisburger Kupferhütte was one of hundreds of German industrial firms that resorted to printing their own emergency currency during the hyperinflation of 1923, when the Reichsbank simply could not produce denominations fast enough to keep pace with collapsing purchasing power. A billion marks — one Milliarde — was not an extraordinary sum by mid-to-late 1923; by November of that year, a single loaf of bread cost several hundred billion. Notgeld at this denomination was printed, spent, and rendered worthless within days, sometimes hours.
Copper smelter scrip of this kind was issued primarily to pay wages — workers needed something they could spend locally before the value evaporated on the walk home from the factory gate.