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100 000 000 Mark Hallesche Pfännerschaft
| Issuer | Hallesche Pfännerschaft Aktiengesellschaft |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | The left half of the note is occupied by an oval vignette printed in dark blue on a yellow-ochre underprint, showing two historical salt workers in period costume — one in a tall feathered hat and uniform, the other in a miner's cap — standing before the twin-towered Marktkirche Unser Lieben Frauen in Halle; the numeral "100 000 000" appears in the upper left corner above the vignette. The right half carries the denomination in Gothic blackletter script — "Hundert Millionen Mark" — followed by the full redemption text in Kurrent script, two manuscript signatures, the issuer's name, and the date "Halle-S. im September 1923." A bold ruled border with hatched inner frame surrounds the entire composition. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is centered on a rectangular intaglio-style vignette in dark blue ink, reproducing after an old woodcut illustration a salt-works scene in which a worker in traditional dress leads a laden donkey, scattered salt granules visible on the ground, with salt storage barrels and a landscape in the background; a two-line inscription in archaic German script runs above the vignette. A plain yellow-ochre frame borders the composition, and the denomination "Hundert Millionen" is printed vertically in Gothic script along the left margin. |
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| Comments |
The Hallesche Pfännerschaft was one of Germany's oldest saltworks cooperatives, tracing its origins to medieval brine rights along the Saale river. During the hyperinflation of 1923, thousands of German municipalities, utilities, and private firms issued their own emergency currency — Notgeld — to compensate for the Reich's inability to print legal tender fast enough to meet demand. The Pfännerschaft's participation in this system was entirely practical: payroll had to be met, and Reichsbank notes were simply unavailable in sufficient quantities.
A hundred-million-mark denomination issued by a salt company is a precise marker of where Germany stood in the autumn of 1923, before the Rentenmark stabilization ended the chaos in November.