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10 000 000 Mark Niederrheinische Maschinenfabrik
| Issuer | Niederrheinische Maschinenfabrik und Waggonbauanstalt G.m.b.H., Duisburg-Meiderich |
|---|---|
| Year | 1923 |
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| Printer | Hansa-Druckerei G.m.b.H., Duisburg |
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|---|---|
| Obverse lettering | Gutschein über 10000000 Mark Zehn Millionen Mark Serie G Die Niederrheinische Maschinenfabrik u. Waggonbauanstalt G.m.b.H. Duisburg-Meiderich zahlt an den Vorzeiger dieses Gutscheines den Betrag von 10000000 Mark. Die Einlösung erfolgt an den in den Tageszeitungen noch bekanntzugebenden Tagen an unserer Kasse in Duisburg-Meiderich und bei der Essener Credit-Anstalt, Homberg am Rhein. Einlösungstermin spätestens am 28. Februar 1924. Niederrheinische Maschinenfabrik und Waggonbauanstalt G.m.b.H. Duisburg-Meiderich. DUISBURG, den 17. August 1923 MARK |
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| Reverse lettering | NIEMAWAG MARK 10000000 |
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| Comments |
A classic product of Germany's hyperinflationary spiral of 1923, this is notgeld — emergency money issued by a private industrial firm rather than a bank or municipal authority. Niederrheinische Maschinenfabrik und Waggonbauanstalt was a Duisburg-Meiderich engineering and wagon-building concern, and like hundreds of German industrial employers that year, it printed its own scrip to meet payroll when the Reichsbank simply could not supply enough physical currency to keep pace with collapsing purchasing power.
The 10,000,000 Mark denomination tells its own story: by mid-1923, this sum would buy little more than a loaf of bread.