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100 000 000 000 Mark Hannoversche Maschinenbau-AG
| Issuer | Hannoversche Maschinenbau Actien-Gesellschaft vormals Georg Egestorff |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 100 000 000 000 Mark (100 000 000 000) |
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| Obverse description | Uniface note printed on thin, smooth white paper with dark rose letterpress impression. A vertical black border rule runs along the left margin, framing the typeset text block which carries the full payment order in Gothic script. The denomination value and amount in words are printed in red, with the four-digit serial number in a raster block at upper right in deep black ink. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Hannoversche Maschinenbau-AG — better known as HANOMAG — was a heavy industrial manufacturer of locomotives and machinery, not a financial institution. The firm issued this 100 billion Mark note in late 1923 under emergency provisions that allowed German municipalities and major industrial employers to print their own Notgeld when the Reichsbank could no longer supply currency fast enough to keep pace with hyperinflation. At the peak, the mark was losing value by the hour.
Printing in-house at the Linden works kept payroll moving. Workers needed to be paid and spend their wages the same day.