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10 000 000 Mark Gelsenkirchener Bergwerks-Aktien-Gesellschaft
| Issuer | Gelsenkirchener Bergwerks-Aktien-Gesellschaft |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Printed in brown on plain paper, the obverse carries a bold typeset denomination header reading 'MARK 10 000 000 MARK' across the top, flanked on the right margin by a vertical row of lozenge-shaped ornaments enclosing the numeral '10 000 000'. The central panel, set within a fine guilloche underprint with a rosette at centre, bears the issuer's name in Gothic script, the payment pledge text, and the large Fraktur legend 'Zehn Millionen Mk.' above the validity clause referencing 31 January 1924. The series letter, serial number, place and date of issue, and a manuscript signature of a company authorised officer appear within the panel. |
|---|---|
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| Reverse lettering | 10 000 000 Mk. 10 000 000 |
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| Comments |
Gelsenkirchener Bergwerks-AG was one of the largest coal and steel conglomerates in the Ruhr, and by mid-1923 it was issuing its own emergency currency — Notgeld — simply to pay its workforce. The Reichsbank could not print fast enough to meet payroll demands as hyperinflation accelerated through the summer and autumn. Corporate scrip of this denomination reflects a specific window in that collapse: 10 million Mark notes became routine before the zeros multiplied further still within weeks.
The Ruhr occupation by French and Belgian troops beginning January 1923 had already strangled normal coal output and disrupted banking channels, making company-issued notes a practical necessity rather than an administrative curiosity.