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| Issuer | Gewerkschaft ver. Constantin der Große |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Olive-green Notgeld printed on plain paper with a dense typographic underprint of repeated text reading '10 MILLIONEN' across the entire field. Four circular guilloche medallions occupy the corners, the upper two bearing the numeral '10' and the lower two a crossed hammer and pick motif symbolising the mining trade. The denomination 'Zehn Millionen Mark' is set in large ornate blackletter script across the centre, with a large ghost numeral '10' forming a watermark-style underprint behind it. Above, the issuer's name and place 'Die Gewerkschaft ver. Constantin der Große in Bochum' appears in roman type, followed by the voucher clause 'zahlt gegen diesen Gutschein'; below, the date 'Bochum, August 1923', a manuscript serial number prefixed 'No', and a handwritten signature of an authorised official are printed. |
|---|---|
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| Reverse lettering | Gewerkschaft ver. Constantin der Große in Bochum 10 000 000 MARK Zahlen die Kassen der Gewerkschaft ver. Constantin der Große spätestens 14 Tage nach Aufruf in den amtlichen Kreisblättern dem Einlieferer dieses Scheines. |
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| Comments |
Gewerkschaft ver. Constantin der Große was a coal mining cooperative in the Ruhr district, and like hundreds of German industrial firms in late 1923, it was forced to issue its own emergency currency — Notgeld — as Reichsmark inflation made official denominations useless within days of printing. The ten-million-mark figure, staggering by any earlier measure, was already borderline inadequate by the time notes of this type reached workers' hands in August and September 1923, when hyperinflation was doubling prices roughly every few days.
Mining cooperatives issued Notgeld primarily to pay wages on-site, often redeemable only at company facilities.