Catalog
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| Issuer | Eisenwerk-Gesellschaft Maximilianshütte |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Printed in dark red and green on cream paper, the face of this Notgeld voucher is enclosed within an ornate guilloche border with foliate corner ornaments and repetitive geometric scroll patterns. The central text field carries the denomination in large Gothic script reading 'Fünf Millionen Mark', above which the issuer's name 'Eisenwerk-Gesellschaft Maximilianshütte in Rosenberg (Oberpfalz)' is set in bold blackletter type. A light green guilloche underprint occupies the text field, and a detached coupon at right bears the numeral '5' over the word 'Millionen' within an oval vignette; the denomination 'Mark 5000000 D.R.W.' appears in the top and bottom border bands, with series designation 'SERIE R' and a handwritten serial number at upper right. |
|---|---|
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| Reverse description | The reverse of this Notgeld voucher carries the full German-language text of the payment obligation, set in a combination of blackletter and roman typefaces against a guilloche underprint, enclosed within the same ornate red guilloche border as the face. The text identifies the issuer, states the redemption conditions effective from 1 October 1923, and is dated Rosenberg i. Oberpfalz, 28 July 1923. No pictorial vignette is present; the design relies entirely on the typographic layout and border ornamentation for its visual structure. |
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| Comments |
Maximilianshütte was one of Bavaria's major integrated steelworks, operating blast furnaces and rolling mills in Sulzbach-Rosenberg. Like hundreds of German industrial firms in mid-1923, it printed its own emergency currency — Notgeld — to meet payroll when the Reichsbank could not supply sufficient denominations fast enough to keep pace with hyperinflation. Workers needed to be paid in amounts that simply didn't exist as official coinage or low-denomination notes.
The five-million-mark face value places this squarely in the summer-to-autumn 1923 acceleration, when such figures shifted from shocking to routine within weeks.