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3 000 000 Mark Mitteldeutsches Braunkohlen-Syndikat
| Issuer | Mitteldeutsches Braunkohlen-Syndikat G.m.b.H. |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 3 000 000 Mark (3 000 000) |
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| Obverse description | Letterpress-printed Notgeld on cream paper with an orange rosette guilloche underprint at centre; the heading 'NOTGELD des Mitteldeutschen Braunkohlenbergbaues' is set in bold Roman type across the top, with a crossed-hammer-and-pick mining vignette occupying each upper corner. The denomination 'Drei Millionen Mark' is rendered in large blackletter script over the guilloche field, followed by the qualification '(Reichspapiergeld)' below, all within a ruled border with a repeating diamond motif. The lower portion carries the issuer's name 'Mitteldeutsches Braunkohlen-Syndikat G.m.b.H.', the place and date 'Leipzig, im August 1923', a serial number, and four manuscript signatures. |
|---|---|
| Obverse lettering | NOTGELD des Mitteldeutschen Braunkohlenbergbaues Wir zahlen gegen diesen Notgeldschein bis einen Monat nach Aufruf durch öffentliche Bekanntmachung Drei Millionen Mark (Reichspapiergeld) Leipzig, im August 1923. Mitteldeutsches Braunkohlen-Syndikat G.m.b.H. |
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| Comments |
The Mitteldeutsches Braunkohlen-Syndikat was the central marketing cartel for the brown coal — lignite — industry of central Germany, coordinating sales across the major mining operations of the Halle-Merseburg district. During the hyperinflation of 1923, many large industrial syndicates and employers issued their own emergency currency, Notgeld, partly to meet payroll when Reichsbank notes could not keep pace with wage demands. A company controlling regional energy supply was better positioned than most to back such notes: the underlying commodity had real, immediate value even as the currency collapsed around it.
Three million marks sounds enormous. By late 1923, it barely covered a newspaper.