2 000 000 Mark Krupp

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.