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5 000 000 Mark
| Issuer | Stadt Elberfeld (City of Elberfeld) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Stadt Elberfeld 5 Millionen Mark Notgeld. Die städtischen Kassen der Stadt Elberfeld zahlen gegen diesen Notgeldschein Fünf Millionen Mark. Der Zeitpunkt der Einlösung wird öffentlich bekannt gemacht. Elberfeld, 18. August 1923 Der Oberbürgermeister Fünf Millionen |
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| Reverse lettering | NOTGELD DER STADT ELBERFELD Fünf Millionen Mark NOTGELD DER STADT ELBERFELD |
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| Comments |
Elberfeld was an industrial city in the Bergisches Land — today absorbed into Wuppertal, which swallowed it administratively in 1929. Like hundreds of German municipalities during the hyperinflation peak of mid-1923, the city issued its own emergency currency, Notgeld, because the Reichsbank simply could not print and distribute legal tender fast enough to keep pace with collapsing purchasing power. A 5,000,000 Mark denomination tells you exactly where this note sits in the inflation timeline: summer to early autumn 1923, the period when denominations were escalating weekly.
R. L. Friderichs & Co. was a local Elberfeld printing firm, which kept turnaround tight — municipal authorities across Germany discovered that shipping paper to Berlin or Leipzig cost more time than they had.