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5 000 000 Mark Westfälische Eisen- und Drahtwerke
| Issuer | Westfälische Eisen- und Drahtwerke Aktiengesellschaft, Langendreer |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | WESTFÄLISCHE EISEN- UND DRAHTWERKE A.-G. Reihe A. Dieser Gutschein wird für Fünf Millionen Mark von der Dresdner Bank, Langendreer, und von unserer Gesellschaftskasse 14 Tage nach öffentlicher Bekanntmachung eingelöst. Langendreer, den 25. August 1923. WESTFÄLISCHE EISEN- UND DRAHTWERKE AKTIENGESELLSCHAFT |
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| Protection type | Log in to see details |
| Protection description | Circular violet ink stamp of the Westfälische Eisen- und Drahtwerke Aktiengesellschaft applied to the lower left of the obverse, accompanied by two handwritten authorising signatures. |
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| Comments |
Westfälische Eisen- und Drahtwerke — a wire and iron manufacturer in Langendreer, near Bochum — issued this note as Notgeld during the hyperinflation peak of 1923, when the Reichsmark was collapsing fast enough that employers had to print their own emergency scrip just to meet weekly payroll. Industrial firms across the Ruhr were doing the same, and the Reichsbank quietly tolerated it because there was no practical alternative.
The 5,000,000 Mark face value, unthinkable two years earlier, was already losing purchasing power by the time the ink dried.