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100 Millionen Mark - Ruhr und Rhein

Issuer German notgeld
Year 1923
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Currency Mark (1914-1924)
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Obverse script Latin
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Mintage 1923
Additional information

Issued in 1923 at the peak of the German hyperinflation crisis, this piece belongs to the extraordinary wave of emergency coinage produced when the Reichsmark's collapse made official currency effectively worthless. The Ruhr und Rhein designation ties it directly to the Franco-Belgian occupation of the Ruhr industrial region, which began in January 1923 after Germany defaulted on reparations timber deliveries — an occupation that throttled German industrial output and accelerated the currency's final destruction.

The silver-plated brass construction is characteristic of notgeld issues from municipalities and regions that lacked both the materials and the mandate for proper coinage but needed something that would pass at arm's length.

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