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5 000 000 Mark Gutehoffnungshütte
| Issuer | Gutehoffnungshütte Aktienverein für Bergbau und Hüttenbetrieb, Oberhausen |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5 000 000 Marks (5 000 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Embossed stamp |
| Protection description | Blind embossed circular company stamp applied to the reverse, bearing the issuer's corporate name and location |
| Variants | Log in to see details |
| Comments |
Gutehoffnungshütte — the "Good Hope Foundry" — was one of the Ruhr's dominant heavy industrial combines, and like hundreds of German firms in 1923, it became a de facto currency issuer when Reichsbank notes became worthless faster than they could be printed. This is Notgeld in its most purely industrial form: a major steel and mining conglomerate paying its own workers with paper it produced itself, denominated in millions because that was what a day's wages required by mid-1923.
The embossed stamp served as the primary authentication device — cheap to apply, difficult to fake without the original die.