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5 000 000 Mark Henschel and Sohn

Issuer Henschel & Sohn G.m.b.H., Abt. Henrichshütte, Hattingen-Ruhr
Year 1923
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Value 5 000 000 Mark (5 000 000)
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Obverse description Gutschein (voucher) note printed in brown and tan tones on cream paper, with a decorative guilloche border and ornamental lateral panels bearing repeating geometric devices. A banner at the top centre carries the word GUTSCHEIN, below which the denomination FÜNF MILLIONEN MARK is set in bold letterpress typography over a large watermark-style numeral underprint. The issuer inscription HENSCHEL & SOHN, G.M.B.H. / ABT. HENRICHSHÜTTE / DIE DIREKTION appears in the lower centre, accompanied by a manuscript facsimile signature, with the place and validity dates HATTINGEN-RUHR, AUGUST 1923 and GÜLTIG BIS ENDE OKTOBER 1923 along the bottom margin; Series designation Serie V and a serial number appear at left and right respectively.
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Reverse description Reverse printed in brown and tan tones with a matching guilloche border and geometric side panels. Two diamond-shaped vignettes occupy the centre field side by side: the left vignette presents a finely engraved view of the Kasino building, while the right vignette shows the Konsum-Anstalt II facility, both captioned beneath their respective frames. The denomination FÜNF MILLIONEN MARK is repeated on a decorative scroll banner in the lower centre, with the numeral 5,000,000 rendered in large figures across the upper portion of the design.
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Henschel & Sohn is best remembered as the locomotive manufacturer whose works straddled Kassel, but this note comes from a different branch entirely — the Henrichshütte steelworks in Hattingen on the Ruhr, which the conglomerate had absorbed and operated as a semi-autonomous division. During the hyperinflation peak of mid-to-late 1923, large industrial employers across the Ruhr were authorized to issue notgeld against anticipated wage obligations, effectively functioning as short-term scrip redeemable at the company cashier.

J. W. Dorn in Elberfeld handled a substantial volume of industrial emergency currency during this period, working under extreme production pressure as denominations climbed weekly. At five million mark, this note was already obsolescent within days of printing.

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