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1 000 000 Mark Bergwerksgesellschaft Hibernia
| Issuer | Bergwerksgesellschaft Hibernia, Herne |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Die Bergwerksgesellschaft Hibernia in Herne zahlt gegen diesen Gutschein Eine Million Mark Die Einlösung muß spätestens 14 Tage nach Aufruf in den amtlichen Kreisblättern bei den Kassen der Bergwerksgesellschaft Hibernia erfolgen. Herne, August 1923 Bergwerksgesellschaft Hibernia. |
| Reverse description | Log in to see details |
| Reverse lettering | Bergwerksgesellschaft Hibernia in Herne 1000000 MARK Zahlen die Kassen der Bergwerksgesellschaft Hibernia 14 Tage nach Aufruf in den amtlichen Kreisblättern dem Einlieferer dieses Scheines. |
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| Comments |
Hibernia was one of the largest coal-mining companies in the Ruhr, and like hundreds of German industrial firms during the hyperinflation of 1923, it issued its own emergency currency — Notgeld — to pay wages when the Reichsbank could not supply sufficient physical notes fast enough to keep pace with collapsing purchasing power. By mid-1923, a million marks was worth almost nothing; within weeks of issue, denominations like this were already obsolete.
Corporate Notgeld from the Ruhr carries an additional layer of history: French and Belgian occupation of the region from January 1923 severely disrupted normal banking channels, accelerating the need for private issuers to step in.