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50 000 000 000 Mark provincial joint issue of Handelskammer, Landwirtschaftskammer and Handwerkskammer Hannover
| Issuer | Vereinigung Niedersächsischer Handelskammern / Landwirtschaftskammer für die Provinz Hannover / Handwerkskammer der Provinz Hannover |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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| Obverse description | Green letterpress Notgeld coupon on plain paper, with the bold denomination numeral '50' set within an elaborate central guilloche rosette flanked by two smaller lathe-work vignettes; the heading 'GUTSCHEIN ÜBER / 50 MILLIARDEN MARK' appears in heavy type above, with a serial letter and number at upper right. The Hanoverian provincial coat of arms — a rearing white horse on a shield — is printed at lower centre, flanked by the place name 'HANNOVER' and the issue date 'DEN 25. OKT. 1923'. A continuous guilloche border frames the note on all four sides, with the names of participating Hanoverian towns inscribed along all four margins. |
|---|---|
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| Reverse description | Green letterpress reverse on plain paper, with '50 MILLIARDEN MARK' in bold type at the top above a central vignette of a stylised spread eagle rendered in an art-nouveau guilloche manner. A ruled text panel at centre carries the German redemption clause stating that the note is payable upon presentation and remains valid for two weeks after recall, dated Hannover, den 25. Oktober 1923; the four issuing institutions — Landesbank der Provinz Hannover, Girozentrale Hannover, Vereinigung Niedersächsischer Handelskammern / Handelskammer zu Hannover, Landwirtschaftskammer für die Provinz Hannover, and Die Handwerkskammer der Provinz Hannover — are identified with their manuscript signatures in the lower portion. Town names of the Hanoverian province border all four margins, mirroring the obverse layout. |
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This joint issue — brought out under the combined authority of three Hanoverian chamber bodies — is a product of Germany's hyperinflationary peak in late 1923, when municipal and regional institutions were legally empowered to issue emergency currency (Notgeld) to compensate for the Reich's catastrophic inability to supply adequate circulating medium. The denomination itself tells the story: fifty billion marks, a figure that would have been unthinkable eighteen months earlier.
The collaboration between the chambers of commerce, agriculture, and crafts was practical rather than ceremonial — pooling authorization reduced the administrative burden at a moment when even printing logistics were strained by the pace of monetary collapse.