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5 000 000 Mark
| Issuer | Stadt Essen (City of Essen) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | NOTGELD DER STADT ESSEN Fünf Millionen Mk zahlt die Stadt Essen dem Einlieferer dieses Scheines 1 Monat nach Aufruf in den Essener Tageszeitungen - Essen - am 19. August 1923 Der Oberbürgermeister |
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| Reverse lettering | NOTGELD DER STADT ESSEN Fünf Millionen Mk zahlt die Stadt Essen dem Einlieferer dieses Scheines 1 Monat nach Aufruf in den Essener Tageszeitungen - Essen - am 19. August 1923 Der Oberbürgermeister |
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| Comments |
Essen's municipal administration, like dozens of German cities in 1923, was forced into issuing its own emergency currency — Notgeld — because the Reichsbank simply could not print fast enough to keep pace with hyperinflation. By the time five-million-mark notes were being issued at the local level, the denomination itself was already losing purchasing power within days of printing. The Ruhr occupation by French and Belgian forces beginning in January 1923 made the regional situation considerably worse, disrupting industrial output in the heart of Germany's coal and steel belt.
Municipal issues from this period were printed locally on whatever paper stock was available, and quality varies considerably across surviving examples.