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2 000 000 Mark Krupp
| Issuer | Fried. Krupp Aktiengesellschaft, Essen |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Fried. Krupp Aktiengesellschaft, Essen nimmt für 2 MILLIONEN MARK diesen Gutschein in Zahlung bis 31. Dezember 1923. Das Direktorium: ESSEN 14. August 1923. 2 Millionen Mark. No 040005 |
| Reverse description | The reverse is unprinted, displaying plain cream-white paper with show-through of the obverse design visible in mirror image, including the serial number and guilloche elements bleeding faintly through the thin paper stock. |
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| Comments |
Krupp's factory scrip during the 1923 hyperinflation was not a gimmick — it was operational necessity. At the peak of the crisis, the Reichsbank could not print or distribute currency fast enough for payroll, so major industrial employers were authorized to issue their own notgeld against company assets. Krupp, running one of the largest steelworks in Europe, printed denominations that would have been incomprehensible twelve months earlier.
The 2,000,000 Mark denomination dates to the summer or early autumn of 1923, before the Rentenmark stabilization in November ended the emergency entirely.