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| 正面描述 | 登录 以查看详情 |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | The reverse is printed on paper with a woven cane-seat pattern watermark visible throughout the sheet, serving as the primary security element. No additional printed design elements are present on the reverse face. |
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| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | Cane-seat (wicker) pattern watermark visible throughout the paper. |
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Rheinische Stahlwerke was one of the major Ruhr steel producers whose operations were directly disrupted by the Franco-Belgian occupation of the Ruhr in January 1923. Like dozens of other industrial firms during the hyperinflation peak, the company issued its own notgeld to pay workers when Reichsbank currency was arriving too slowly and depreciating too fast to be useful. The 100-million mark denomination places this note firmly in the autumn 1923 acceleration, when even that figure represented only a few days' worth of purchasing power.
The watermarked paper is an unusually deliberate security measure for industrial emergency currency — most Ruhr notgeld of this period was printed on whatever stock was available.