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1 000 000 Mark Sächsisches Steinkohlen-Syndikat
| Issuer | Sächsisches Steinkohlen-Syndikat mit beschränkter Haftung, Zwickau |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein Gültig in den Bezirken der Kreishauptmannschaften Zwickau, Chemnitz und Dresden während der in deren Amtsblättern bekannt gegebenen Laufzeit. Eine Million Mark zahlen die Kassen des Erzgebirgischen Steinkohlen-Aktienvereins Gewerkschaft Morgenstern, Zwickau-Oberhohndorfer Steinkohlenbauverein, sämtlich in Zwickau, sowie Gewerkschaft Gottes Segen in Lugau Gewerkschaft Deutschland in Helsitz i. Erzgeb., Gersdorfer Steinkohlenbauverein in Gersdorf Bezirk Chemnitz und der Allgemeinen Deutschen Credit-Anstalt in Freital. Zwickau, den 14. August 1923 Sächsisches Steinkohlen-Syndikat mit beschränkter Haftung |
| Reverse description | The reverse is printed in the same dark-brown and salmon-pink colour scheme, with a cross-hatched guilloche covering the entire field. A large central oval guilloche rosette carries the heading "Gutschein über" at its top, the numeral "1000000" in interlocking ornamental ciphers at centre, and the word "Mark" in bold Gothic type beneath; an anti-counterfeiting warning in small Gothic type is set in two columns flanking the central vignette, with a serial number in the lower right corner. |
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The Sächsisches Steinkohlen-Syndikat — the Saxon hard coal syndicate based in Zwickau — was among the industrial firms authorized to issue emergency currency during the hyperinflation of 1923, when the Reichsbank simply could not print fast enough to meet demand. This practice, known as Notgeld, extended well beyond municipalities; major employers issued their own denominated paper specifically to pay wages, since workers needed cash in hand before it lost another fraction of its value by afternoon.
A coal syndicate issuing a million-mark note tells you exactly where Germany was by mid-1923.