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100 000 000 000 Mark Hallesche Pfännerschaft
| Issuer | Hallesche Pfännerschaft Aktiengesellschaft |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Einhundert Milliarden Mark zahlt die Hallesche Pfännerschaft Aktiengesellschaft in Reichspapiergeld gegen diesen Gutschein bis 1 Monat nach Aufruf durch Hallesche Merseburgер u. Senftenberger Zeitungen. Einlösung erfolgt außer bei unseren Werkskassen durch die Allgemeine Deutsche Kreditanstalt Halle, Leipzig, Merseburg – Dresdner Bank Halle, Leipzig – und Th. F. Lehmann, Halle, sowie die Senftenberger Stadtbank Hallesche Pfännerschaft A.-G. Halle-S. im September 1923 |
| Reverse description | Log in to see details |
| Reverse lettering | Hundert Milliarden Die Arbeit und den Nutz, darin zu Hall besteht Aus Saltzwerck, zeiget an der hier mit rosen geht. Ws · H ✻ 112208 |
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| Comments |
The Hallesche Pfännerschaft was a centuries-old salt producers' cooperative in Halle, one of the oldest industrial guilds in Germany, reorganized as a joint-stock company in the modern era. Like hundreds of German municipalities and private firms, it issued its own emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsbank simply could not print legal tender fast enough to meet daily wage demands. By the time hundred-billion-mark denominations became necessary, workers were being paid twice daily to outrun price increases.
Locally printed in Halle, the watermarked paper offered rudimentary protection against counterfeiting — a somewhat academic concern when the note's face value collapsed within hours of issue.