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1 000 000 Mark Mitteldeutsches Braunkohlen-Syndikat

Issuer Mitteldeutsches Braunkohlen-Syndikat G.m.b.H.
Year 1923
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Value 1 000 000 Mark (1 000 000)
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Obverse description Printed in black letterpress on cream paper within a decorative diamond-pattern border, the obverse carries the heading NOTGELD des Mitteldeutschen Braunkohlenbergbaues flanked on each side by a crossed-pickaxe mining emblem. A central guilloche underprint in green and pink tones carries the large Gothic-script denomination Eine Million Mark, beneath which appears the parenthetical qualification Reichspapiergeld. The place and date of issue, Leipzig, im August 1923, appear at lower left alongside a serial number, with the issuing entity Mitteldeutsches Braunkohlen-Syndikat G.m.b.H. named below, followed by four manuscript signatures.
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Reverse description The reverse is unprinted, showing a plain cream paper surface through which the obverse design is visible in mirror image as a strong letterpress offset, giving the appearance of a show-through impression of the full obverse layout including the guilloche vignette and Gothic text.
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The Mitteldeutsches Braunkohlen-Syndikat — the Central German Brown Coal Syndicate — was one of the industrial combines that resorted to printing its own emergency currency during the hyperinflationary collapse of 1923. This was Notgeld in its final, desperate phase: not the decorative municipal issues of 1921–22 collected as curiosities, but functional scrip issued by a major industrial concern simply to pay its workers when Reichsbank notes couldn't arrive fast enough to keep pace with daily price movements.

A million marks, the face value here, was worth less than a loaf of bread by mid-1923.

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