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| 正面描述 | Printed in violet-pink on cream paper, the obverse carries a panoramic vignette of the Ewald colliery complex across the upper portion, rendered in a light underprint wash of industrial buildings, headframes, and chimney stacks. The denomination "Fünf Millionen Mark" is set in a bold Gothic blackletter typeface at centre, flanked by a decorative border of repeated geometric and floral ornamental units. Below the vignette, the issuer text, place and date of issue, redemption conditions, a handwritten serial number prefixed "Nr.", and an authorising manuscript signature appear within a ruled text panel. |
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| 正面铭文 | Die Gewerkschaft des Steinkohlen-Bergwerks "Ewald" in Herten i. W. zahlt gegen diesen Gutschein Fünf Millionen Mark Die Einlösung muß spätestens 14 Tage nach Aufruf in den amtlichen Kreisblättern bei der Hauptkasse der Gewerkschaft des Steinkohlen-Bergwerks "Ewald" in Herten i. W. erfolgen. Herten i. W., August 1923. Gewerkschaft des Steinkohlen-Bergwerks "Ewald" Die Verwaltung Nr. |
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Ewald colliery in Herten was one of the Ruhr's major hard coal operations, and like hundreds of German industrial firms in mid-1923, it issued its own emergency currency — Notgeld — to meet payroll when the Reichsbank simply could not supply physical banknotes fast enough to keep pace with hyperinflation. By the time denominations reached the millions, notes were often redeemed or rendered worthless within days of issue.
Industrial Notgeld from the Ruhr carries an added layer of historical weight: the occupation of the Ruhr by French and Belgian forces began in January 1923, and coal operations became a flashpoint in passive resistance. Whether Ewald's output continued under occupation or briefly halted is a detail the note itself cannot answer.