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10 000 000 Mark Norddeutsche Seekabelwerke
| Issuer | Norddeutsche Seekabelwerke Aktiengesellschaft |
|---|---|
| Year | 1923 |
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| Printer | Karl Blanke, Nordenham, Germany |
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| Obverse description | The obverse is printed in dark blue-black on white paper with a bold geometric border of interlocking diamond and square motifs running along all four edges. The denomination 'Zehn Millionen Mark' is set in large Gothic lettering at centre, flanked by a faint vignette of cable-laying ship towers as an underprint. In the lower left, a circular vignette contains a pennant bearing a crown device, serving as the company's house flag emblem; to the right, the issuer's manuscript signature appears above the printed firm name 'Norddeutsche Seekabelwerke Aktiengesellschaft'. |
|---|---|
| Obverse lettering | Gutschein Nr. Mk. 10 000 000.— Die Darmstädter und Nationalbank, Kommanditgesellschaft auf Aktien, Zweigniederlassung Nordenham, zahlt gegen diesen Gutschein für unsere Rechnung Zehn Millionen Mark Dieser Schein wird auch vom Handel in Zahlung genommen und verliert mit dem 31. Dezember 1923 seine Gültigkeit. Nordenham, 20. August 1923. Norddeutsche Seekabelwerke Aktiengesellschaft Karl Blanke, Nordenham |
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| Comments |
Norddeutsche Seekabelwerke was a submarine cable manufacturer based in Nordenham — a company with no banking function whatsoever. Like hundreds of German industrial firms in 1923, it was authorized to issue its own emergency currency (Notgeld) as the Reichsmark collapsed under hyperinflation so severe that by August of that year the exchange rate had passed one million marks to the dollar. This note, denominated at ten million marks, would have been worth considerably less by the time it was printed.
Printed locally by Karl Blanke in Nordenham, the note was almost certainly intended for wage payments to factory workers — a practical solution when the Reichsbank simply could not supply enough physical currency to meet payroll demands.