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2 000 000 Mark Gutehoffnungshütte
| Issuer | Gutehoffnungshütte Aktienverein für Bergbau und Hüttenbetrieb, Oberhausen |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Typeset notgeld on cream-coloured paper with an orange guilloche underprint, enclosed within a double-rule border and a scalloped outer frame with the issuer name repeated in the lateral margins. The denomination 'ZWEI MILLIONEN' is set in large bold letterpress at centre, with 'MARK 2,000,000 MARK' immediately below; a serial number appears at upper right. The lower portion carries the redemption text, place and date of issue, and two manuscript signatures above the issuer's corporate name. |
|---|---|
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| Protection type | Embossed seal |
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| Comments |
Gutehoffnungshütte — the "Good Hope Foundry" — was one of the Ruhr's industrial giants, and like hundreds of German firms in 1923, it was forced to become its own bank. Hyperinflation had so thoroughly destroyed the Reichsmark's purchasing power that companies printed emergency wage notes, Notgeld, simply to pay their workers on time before the money lost further value in transit. At the 2,000,000 Mark denomination, this note was already obsolete within weeks of printing.
The embossed seal was a practical anti-counterfeiting measure common to corporate issues, applied in-house rather than by a specialist security printer.