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5 000 000 Mark Rheinisches Braunkohlen-Syndikat
| Issuer | Rheinisches Braunkohlen-Syndikat G.m.b.H., Köln |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5 000 000 Marks (5 000 000) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein das Rheinische Braunkohlen-Syndikat G. m. b. H. in Köln zahlt Fünf Millionen Mark in Reichsbanknoten bei Vorzeigung von dem in den hiesigen Tageszeitungen bekanntzugebenden Zeitpunkt ab an der Hauptkasse in Köln. — Dieser Schein verliert seine Gültigkeit einen Monat nach Aufkündigung. — Köln, 1. August 1923. Rheinisches Braunkohlen-Syndikat G. m. b. H. Serie B M. DUMONT SCHAUBERG KÖLN |
| Reverse description | Log in to see details |
| Reverse lettering | RHEINISCHES BRAUNKOHLEN-SYNDIKAT G.M.B.H. 5.000.000 MARK 5.000.000 |
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| Comments |
The Rheinisches Braunkohlen-Syndikat was the cartel controlling Rhenish brown coal — lignite — production, and like hundreds of German industrial concerns in the hyperinflation of 1923, it issued its own emergency currency (Notgeld) to pay workers when the Reichsbank simply could not supply enough printed marks fast enough. A 5-million-mark denomination would have seemed extraordinary even a year earlier; by mid-1923 it barely covered a day's wages.
M. Dumont Schauberg was a Cologne newspaper and commercial printing house, pressed into banknote production by necessity rather than expertise. The same presses turning out the Kölnische Zeitung were producing corporate scrip.