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1 000 000 Mark Klöckner-Werke
| Issuer | Klöckner-Werke A.G., Rauxel |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 1 000 000 Mark (1 000 000) |
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| Obverse description | Printed in brown on white paper, the note is enclosed within a decorative letterpress border of interlocking geometric and foliate ornaments, with the mine colliery names 'Victor', 'Ickern', and 'General' inscribed along the top, left, right, and bottom margins respectively. The denomination '1 000 000' is set in large bold numerals across the upper field, flanked on each side by a crossed-hammers mining vignette, with the value in words 'Eine Million Mark' in large gothic script below the serial number. The body of the note carries a four-line redemption text in small italic script, followed by the place and date 'Rauxel, den 6. August 1923.' and the issuer's name 'Klöckner-Werke A.-G.' in bold, beneath which two manuscript signatures in blue ink appear alongside the authorisation abbreviation 'ppa'. |
|---|---|
| Obverse lettering | Victor Ickern General Gutschein über Eine Million Mark Dieser Gutschein hat Gültigkeit bis zum 31. August 1923 und kann bei unserer Hauptkasse in Rauxel, bei der Commerz- u. Privatbank Habing- horst, beim Barmer Bank-Verein Castrop, bei den Sparkassen Rauxel, Bladenhorst und Mengede eingelöst werden. Rauxel, den 6. August 1923. Klöckner-Werke A.G. (Translation: Victor Ickern General Voucher about A million marks This voucher is valid until August 31, 1923 and can be used at our main cash register in Rauxel, at Commerz- u. Privatbank Habing- Horst, can be redeemed at the Barmer Bank Club Castrop, at the Sparkassen Rauxel, Bladenhorst and Mengede. Rauxel, August 6, 1923. Klöckner-Werke A.G.) |
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| Comments |
Klöckner-Werke was a major coal and steel concern operating in the Ruhr, and like hundreds of German industrial firms in 1923, it issued its own emergency currency — Notgeld — to pay workers when the Reichsbank simply could not supply enough physical notes to meet payroll during hyperinflation. The Rauxel facility alone had thousands of employees drawing weekly wages, and by mid-1923 those wages required suitcase-loads of currency. The 12,175,000 print run sounds enormous until you remember that a million marks bought almost nothing by August of that year.
Corporate Notgeld of this type was technically redeemable against company accounts, giving it slightly more practical backing than the municipal variety — though in practice, redemption windows closed fast once stabilization began in November 1923.