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200 000 Mark - Hamburg
| Issuer | Freie und Hansestadt Hamburg |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 200 000 Mark (200 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Log in to see details |
| Technique | Log in to see details |
| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse script | Log in to see details |
| Reverse lettering | Log in to see details |
| Edge | Plain |
| Mint | Log in to see details |
| Mintage | Log in to see details |
| Additional information |
Hamburg's 1923 notgeld issues were a direct product of the German hyperinflation crisis, with municipal and regional authorities forced to produce their own emergency coinage as the Reichsmark collapsed in real time. By mid-1923, the exchange rate was deteriorating so rapidly that 200,000 marks represented a sum that had been inconceivable as a coin denomination just two years earlier — and would itself be laughably insufficient within weeks of striking.
Aluminium was the pragmatic choice: metal commodity costs had to remain below face value, which ruled out nearly everything else.