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1/4 Million Mark - Westfalen Freiherr vom Stein

Issuer Provinz Westfalen (Province of Westphalia)
Year 1923
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Value 250 000 Mark (250 000)
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Obverse description A rearing horse facing right, rendered in bold relief, occupies the central field, serving as the traditional heraldic symbol of Westphalia. To the left of the horse, the denomination '1/4 Million Mk.' is inscribed in Fraktur blackletter characters. The surrounding legend, also in Fraktur, reads 'Notgeld der Provinz Westfalen' with the date '1923' placed at the base, flanked by lozenge stops.
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Reverse lettering Minister vom Stein•Deutschlands Führer in schwerer Zeit 1757-1831
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Additional information

Westphalia issued this piece in August 1923, at the precise moment when Germany's hyperinflation was accelerating beyond any rational planning horizon. Provincial and municipal authorities across the Reich were printing Notgeld not out of choice but necessity — the Reichsbank simply could not produce coin fast enough to keep pace with collapsing purchasing power. A quarter-million marks was a meaningful sum in early 1923; by November it would not buy a postage stamp.

The choice of Freiherr vom Stein as the honorific subject was deliberate regionalism — the Prussian reformer was born in Nassau but his administrative career was deeply tied to Westphalian governance.

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