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| Issuer | Stadt- und Landkreis Hagen |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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| Obverse description | Typeset Notgeld printed in dark brown on pink guilloche underprint. The central text panel carries the denomination 'Drei Millionen Mark' in large bold letters, above a validity clause and date of issue 'Hagen i. W., den 13. August 1923.' Large vertical numerals '3.000.000' run along both side margins. Two facsimile signatures appear at the foot beneath the titles 'Der Landrat' and 'Der Oberbürgermeister.' |
|---|---|
| Obverse lettering | Gutschein No des Stadt- u. LandKreises Hagen über Drei Millionen Mark. Dieser Schein hat Gültigkeit bis zum 1. Oktober 1923 und kann bis zu diesem Tage bei der Stadthautkasse Hagen i. Westf. und der Kreiskommunalkasse Hagen i. W. eingelöst werden. Hagen i. W., den 13. August 1923. Der Landrat: Der Oberbürgermeister: 3.000.000 |
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| Comments |
Hagen's municipal authority was among hundreds of German local governments forced into emergency currency printing during the 1923 hyperinflation, when the Reichsbank simply could not produce notes fast enough to keep pace with collapsing purchasing power. The 3,000,000 Mark denomination reflects a specific window in that collapse — by late summer 1923, notes of this face value were already losing meaningful purchasing power within days of issue.
Local printing meant inconsistent paper stock and variable ink quality across the Hagen series. Collectors should note that some printings show noticeably different saturation, likely due to mid-run supply changes at the local press.