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1000 Mark Phoenix Aktien-Gesellschaft für Bergbau und Hüttenbetrieb

Issuer Phoenix Aktien-Gesellschaft für Bergbau und Hüttenbetrieb
Year 1922
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Value 1000 Mark
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Obverse lettering № 042548
EINTAUSEND
MARK
zahlt die Kasse:
Zeche Graf Moltke, Gladbeck
Bankgeschäft H. Küster, Ullrich & Co., Gladbeck
Essener Credit-Anstalt, Gladbeck
dem Einlieferer dieses GUTSCHEINES
bis 30. November 1922.
GELSENKIRCHEN,
den 14. September 1922.
PHOENIX
Akt.-Ges. für Bergbau u. Hüttenbetrieb
Abteilung Bergwerksverwaltung.
1000 MARK
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Protection type Watermark
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Comments

Phoenix AG was one of the major integrated coal and steel producers in the Ruhr, operating blast furnaces and collieries across the Rheinisch-Westfälisches industrial belt. This note belongs to the vast wave of corporate Notgeld issued in 1922 as the Reichsbank's ability to supply adequate currency denominations collapsed under accelerating inflation — large industrial employers effectively became issuers of last resort, paying wages in their own paper when official notes were unavailable in sufficient quantity.

The watermark security feature is worth noting: most emergency industrial issues of this period dispensed with it entirely, using whatever paper stock was immediately available. Its presence here suggests Phoenix drew on a pre-arranged paper supply rather than scrambling, as many smaller issuers were forced to do.

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