Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
10 000 000 Mark Krupp
| Issuer | Fried. Krupp Aktiengesellschaft, Essen |
|---|---|
| Year | 1923 |
| Type | Local banknote |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Fried. Krupp Aktiengesellschaft, Essen nimmt für 10 MILLIONEN MARK diesen Gutschein in Zahlung bis 31. Dezember 1923. Das Direktorium: ESSEN 14. August 1923. 10 Millionen Mark. |
| Reverse description | The reverse is unprinted, consisting entirely of plain white paper with no vignette, text, or ornamental element, consistent with many emergency Notgeld issues of the 1923 German hyperinflationary period. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Krupp's issuance of notgeld at astronomically high denominations in 1923 was a direct consequence of the Reichsbank's inability to supply sufficient currency for payroll during the hyperinflation peak. Large industrial employers across the Ruhr were effectively forced into private money printing simply to pay their workers on time — wages were sometimes adjusted daily to keep pace with the collapsing mark.
The ten-million mark figure, staggering by any peacetime measure, was already borderline obsolete within weeks of printing. By November 1923, a single US dollar was worth over four trillion marks.