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100 000 000 Mark

Issuer Stadt Mülheim an der Ruhr
Year 1923
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Size 139 x 81 mm
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Obverse description The obverse is printed in dark blue-black on a light blue guilloche underprint, with the city arms of Mülheim an der Ruhr repeated twice at left in a vertical strip. The central text panel carries the issuing authority's name in Gothic script at the top, the large denomination numeral '100' above the legend 'Millionen Mark' in bold letterpress, and below, the redemption clause and issue date 'Mülheim a.d. Ruhr, den 10. August 1923' with the Oberbürgermeister's manuscript signature. A vignette at right depicts the city's tower and roofscape in a dark engraved panel, with the denomination '100 Millionen' repeated at upper and lower right.
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Reverse lettering 100
Millionen
100
Millionen
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Comments

One of thousands of emergency currency issues — Notgeld — printed by German municipalities during the hyperinflation of 1923, when the Reichsmark was collapsing so fast that local authorities had no choice but to print their own denominations to keep commerce moving. By August 1923, a hundred million marks was barely enough for a tram fare. By November it was worthless altogether, the entire episode ending with the Rentenmark stabilization of 15 November 1923.

Mülheim an der Ruhr, an industrial city in the Ruhr Valley, was printing this note during the French and Belgian occupation of the region — itself a major accelerant of the currency crisis.

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