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| Issuer | Bayerische Braunkohlen-Industrie-Aktien-Gesellschaft, Schwandorf (Oberpfalz) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Printed in red on a cream guilloche underprint, the reverse is divided into three text panels flanking a central crowned Bavarian heraldic shield vignette surrounded by an elaborate lace-pattern border. The left panel carries the statutory counterfeiting warning in Fraktur script, together with a notice on the expiry procedure; the right panel lists the redemption locations, including the company's own cashier at Wackersdorf, branches of Deutsche Bank in München, Nürnberg, Regensburg and Augsburg, the Bayerische Hypotheken- und Wechsel-Bank in München, and the banking house of Karl Schmidt in Hof and its branches. |
| Reverse lettering | Wer Banknoten nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft Das Ende der Laufzeit dieses Gutscheines wird durch Ausschreibung in den Tagesblättern bekannt gemacht. Die Einlösung erfolgt dann durch die nebenstehend aufgeführten Banken Dieser Gutschein wird eingelöst an der Kasse der Gesellschaft in Wackersdorf, an den Kassen der Filialen der Deutschen Bank in München / Nürnberg Regensburg und Augsburg, an der Kasse der Bayerischen Hypotheken- und Wechsel-Bank in München und an den Kassen des Bankgeschäftes Karl Schmidt in Hof und seiner sämtlichen Filialen |
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| Comments |
Bayerische Braunkohlen-Industrie AG was a lignite mining operation based in Schwandorf, Upper Palatinate — a region whose brown coal deposits had been commercially exploited since the mid-nineteenth century. Like hundreds of German industrial firms in 1923, the company issued its own emergency currency because the Reichsbank simply could not print fast enough to meet payroll demands during the hyperinflation peak. These Notgeld obligations were technically advances against wages, not legal tender, and their validity was usually limited to the issuing company's own workers and local merchants willing to accept them.
The one-million mark denomination, absurd by any pre-1922 standard, was routine by mid-1923.