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| Issuer | Stadt- und Landkreis Gelsenkirchen |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 100 000 000 Mark (100 000 000) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 100 MILLIONEN MARK Reihe D Millionen Mark NOTGELD für den Stadt- und Landkreis Gelsenkirchen Ausgegeben von dem Stadt- und Landkreise Gelsenkirchen mit Genehmigung des Reichsfinanzministers. Gelsenkirchen, den 21. Juli 1923. Der Oberbürgermeister Der Kreisausschuß Kreisdeputierter |
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| Reverse lettering | Stadt- und Landkreis Gelsenkirchen 100 MILLIONEN Dieser Schein wird bei allen Kassen der ausgebenden Behörden eingelöst. Er wird ungültig mit Ablauf der durch amtlichen Aufruf zu bestimmenden Frist. |
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| Comments |
One of dozens of Notgeld issues flooding out of the Ruhr in mid-1923, this 100-million Mark note was produced as French and Belgian occupation forces controlled the region's rail and coal infrastructure. The Reichsbank could not physically distribute currency fast enough to keep pace with hyperinflation, leaving municipal and district authorities to fill the gap with locally printed emergency issues. Gelsenkirchen, as a major coal-producing center, was particularly exposed — wages for mine workers had to be paid on time, in whatever denominations could be printed fast enough to retain any purchasing power at all.
By the time notes of this denomination were being cut and signed, the figure had already become nearly meaningless within days of issue.