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2 000 000 Mark Teppichfabrikzentrale
| Issuer | Teppichfabrikzentrale A.-G. Leipzig |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Plain cream paper note printed in blue letterpress with a decorative border of repeating stylised floral and geometric motifs enclosing all text. The denomination 'ZWEI Millionen' is set in large bold type at centre, above a redemption clause in smaller roman type referring to the Teppichfabrikzentrale A.-G., Leipzig, Brühl 71. The series designation 'Serie A' appears at upper left, while a red typeset serial number and asterisk are placed at upper right; a violet rubber stamp reading 'AUERBACHER TEPPICH-FABRIK' and a manuscript signature appear in the lower centre field, with the place and date 'Auerbach / Leipzig, 18. 8. 23.' at lower left. |
|---|---|
| Obverse lettering | Serie A Gutschein über ZWEI Millionen Die Einlösung dieses Gutscheines erfolgt nach Aufruf spesenfrei im Verrechnungswege durch die Kasse der Teppichfabrikzentrale A.-G. Leipzig, Brühl 71, gegen Reichsbanknoten oder Verrechnungsschecks. AUERBACHER TEPPICH-FABRIK Auerbach / Leipzig, 18. 8. 23. |
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| Comments |
Teppichfabrikzentrale A.-G. was a carpet manufacturing and trading company in Leipzig, and this 2,000,000 Mark note is a piece of Notgeld — emergency money issued by a private commercial firm during the hyperinflationary crisis of 1923, when the Reichsbank's currency was losing value so rapidly that even large industrial companies required their own circulating scrip to meet payroll and cover daily transactions. By mid-1923, denominations in the millions were routine; by November, they were already obsolete.
Leipzig firms issued considerable volumes of this type of commercial Notgeld, most of it redeemed quickly and destroyed. Paper survival depends almost entirely on whether recipients bothered to return it before the issuer's liquidity evaporated.