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100 Reichsmark - Steuergutschein

Issuer Reichsministerium der Finanzen (Reich Ministry of Finance)
Year 1939
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Shape Rectangular
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Obverse description Red and grey guilloche border frames the note. A spread-winged imperial eagle vignette occupies the upper centre, flanked by denomination numerals '100 R.M' at each corner. Central text in Gothic script reads 'Steuergutschein I' and 'Einhundert Reichsmark', followed by printed legal text. An embossed Reichsadler stamp and a circular Potsdam Postamt cancellation appear at right.
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Protection description Dry embossed Reichsadler seal applied to the note surface; circular cancellation stamp of the issuing office
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Comments

The Steuergutschein — literally "tax credit voucher" — was a financial instrument designed to stimulate business investment without expanding the visible money supply. Firms received these certificates as a reward for capital expenditure and could redeem them against future tax liabilities, effectively deferring state revenue while channeling private funds into rearmament-adjacent industries. They were not legal tender and never intended for general circulation, which is why surviving examples tend to show remarkably little handling wear.

Schwerin von Krosigk served as Reich Finance Minister continuously from 1932 through 1945, outlasting three chancellors before Speer.

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