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1/2 Million Mark - Hamburg
| Issuer | Free and Hanseatic City of Hamburg |
|---|---|
| Year | 1923 |
| Type | Emergency coin |
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| Composition | Log in to see details |
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| Obverse description | The full Hamburg civic coat of arms dominates the field, depicting a white castle with three towers on a red shield, flanked by two rampant lions as supporters on either side. Above the shield rises a crowned helmet surmounted by an elaborate crest of feathers radiating upward in a fan-like arrangement. A decorative baroque mantling frames the base of the composition. The legend FREIE UND HANSESTADT HAMBURG curves along the upper periphery in raised Latin lettering. The field is bordered by a continuous pearl rim, and the mint mark 'J' (Hamburg Mint) appears at the bottom of the coin below the supporters. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Hamburg issued its own emergency currency in 1923 because the Reichsbank simply could not supply enough coinage to keep pace with hyperinflation — by mid-year, half a million marks bought roughly a loaf of bread, and that purchasing power was itself evaporating by the hour. As a Free and Hanseatic City with a long tradition of monetary autonomy, Hamburg had both the legal standing and the institutional confidence to act independently. The aluminium composition was not a stylistic choice; it was the only metal cheap enough that the coin's intrinsic value would not immediately exceed its face value.