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| 正面铭文 | Gegen Vorzeigung dieses Gutscheines zahlt die Eisenwerk-Gesellschaft Maximilianshütte in Rosenberg (Oberpfalz) Herrn: ______ den Betrag von Fünf Millionen Mark Dieser Schein kann vom 1. Oktober 1923 ab durch Bekanntmachung in den Tageszeitungen zur Rückzahlung aufgerufen werden. Rosenberg i. Oberpf., den 28. Juli 1923. Eisenwerk-Gesellschaft Maximilianshütte |
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| 背面铭文 | (Translation: On presentation of this voucher, the Eisenwerk-Gesellschaft Maximilianshütte in Rosenberg (Upper Palatinate/Oberpfalz) Mr: ______ the amount of Five million marks This bill can be called for repayment from October 1, 1923 by means of an announcement in the daily newspapers. Rosenberg i. Oberpfalz., July 28, 1923. Eisenwerk-Gesellschaft Maximilianshütte) |
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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.