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5 000 000 Mark August-Thyssen-Hütte

Issuer August Thyssen-Hütte, Gewerkschaft (Hamborn, Rhineland)
Year 1923
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Size 155 x 100 mm
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Reverse description Printed in blue on a salmon-pink geometric guilloche underprint, the reverse is entirely typographic with no pictorial vignette. A decorative Art Nouveau-style border in blue frames the field, with stylised cross ornaments at each corner and flowing foliate scrollwork along the sides. The denomination 'Fünf Millionen Mark' is rendered in large bold Gothic (Fraktur) script centred on a circular guilloche rosette underprint.
Reverse lettering Fünf Millionen Mark
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Comments

August Thyssen-Hütte was one of the largest integrated steel operations in Germany, and by mid-1923 the Ruhr industrial firms had been forced into an extraordinary position: printing their own emergency currency because the Reichsbank simply could not supply enough paper money to meet payroll. This note was produced in-house — Thyssendruck was the company's own printing facility, meaning the steel conglomerate was literally manufacturing money alongside iron.

The five-million mark denomination, enormous by prewar standards, was already insufficient within weeks of issue. Notgeld at this level of inflation was often obsolete before the ink dried.

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