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5 000 000 Mark Rheinische Stahlwerke
| Issuer | Rheinische Stahlwerke, Duisburg-Meiderich |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5 000 000 Mark (5 000 000) |
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| Obverse description | Light green underprint with a central hexagonal cartouche flanked by letterpress vignettes of the Rheinische Stahlwerke industrial complex at Duisburg-Meiderich, showing blast furnaces and smokestacks in operation. A circular medallion at the top centre bears crossed hammer and pick emblems, while ornamental roundels at the upper corners carry the issuer monogram 'RW'. A text panel below the cartouche states the redemption conditions, valid locations, and expiry date of 31 December 1923, with two manuscript signatures of company officials above the issuer name; the denomination '5000000' and series designation 'REIHE A' appear in the lower portion. |
|---|---|
| Obverse lettering | DIE RHEINISCHEN STAHLWERKE IN DUISBURG-MEIDERICH zahlen dem Einlieferer dieses Scheines fünf Millionen Mark Duisburg-Meiderich, den 15. August 1923. RHEINISCHE STAHLWERKE 5000000 REIHE A Die Einlösung erfolgt an unseren Kassen in Duisburg-Meiderich, Hilden, Essen, Wattenscheid und Marl, sowie an den dortigen Privatbanken. – Der Schein verliert am 31. Dezember 1923 seine Gültigkeit. Eine frühere Aufrufung in den Tageszeitungen der obengenannten Orte behalten wir uns vor. |
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| Comments |
Rheinische Stahlwerke was one of the major Ruhr steel producers, and like hundreds of German industrial firms in 1923, it issued its own emergency currency — Notgeld — to pay its workers when the Reichsbank simply could not supply enough physical notes to keep pace with hyperinflation. By the time five-million-mark denominations were being printed, the purchasing power of any given note was collapsing within days of issue, sometimes hours.
Industrial Notgeld of this type circulated almost entirely within the factory payroll system and local Duisburg-Meiderich commerce. Most were spent immediately.