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2 000 000 Mark Gutehoffnungshütte
| Issuer | Gutehoffnungshütte Aktienverein für Bergbau und Hüttenbetrieb, Oberhausen |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | GUTSCHEIN über ZWEI MILLIONEN MARK 2,000,000 MARK Wir zahlen an unserer Hauptkasse in Oberhausen (Rhld.) gegen diesen Gutschein Zwei Millionen Mark. Dieser Gutschein verliert seine Gültigkeit am 31. Dezember 1923. GUTEHOFFNUNGSHÜTTE Aktienverein für Bergbau und Hüttenbetrieb. Oberhausen (Rhld.), 1. Aug. 1923. GUTEHOFFNUNGSHÜTTE OBERHAUSEN · GUTEHOFFNUNGSHÜTTE OBERHAUSEN |
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| Protection description | Blind-embossed circular company seal applied to the reverse, bearing the issuer name and location around the perimeter with a central industrial motif. |
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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.