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20 000 Mark Henschel and Sohn
| Issuer | Henschel & Sohn G.m.b.H., Abt. Henrichshütte, Hattingen |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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|---|---|
| Obverse lettering | Gutschein Nur zum Verkehr innerhalb der Wohlfahrtseinrichtungen der Henrichshütte bestimmt Bei Vorzeigung zahlen wir gegen diesen Gutschein an unserer Hauptkasse Zwanzigtausend Mark in Kassenscheinen Henschel & Sohn G.m.b.H. Abt. Henrichshütte Die Direktion Hattingen, 25. Januar 1923 Gültig bis 31. März 1923 W. Girardet, Essen. |
| Reverse description | The reverse is printed in olive-green and golden-ochre on an unprinted paper ground, framed by a guilloche border with ornamental corner rosettes. A large diamond-shaped central vignette, executed in intricate lathe-work, carries the firm's Gothic monogram 'H & S' in bold white letters at centre, superimposed on a floral rosette medallion. The denomination '20000 Mark' is repeated in Gothic script along the upper and lower edges of the diamond, and the numeral series '20000' runs vertically along both side margins in ochre. |
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| Comments |
Henschel & Sohn is better remembered for its locomotives than its paper money, but during the hyperinflation of 1923 the firm's Henrichshütte ironworks division in Hattingen — a legally distinct operating unit — was authorized to issue its own notgeld to meet the wage demands of workers when the Reichsbank simply could not keep pace with currency requirements. These high-denomination emergency notes were functional payroll instruments, not commemorative pieces.
W. Girardet of Essen was a commercial printing house that handled a significant volume of Ruhr industrial notgeld during this period, which partly accounts for the utilitarian character of the output. The 20,000 Mark denomination places this note in the accelerating phase of inflation before the introduction of the Rentenmark in November 1923 effectively ended the emergency.