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50 000 000 Mark
| Issuer | Stadt- und Landkreis Hagen (City and District of Hagen, Westphalia) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 50 000 000 Marks (50 000 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 Millionen Mark Gutschein des Stadt. u. Landkreises Hagen über Fünfzig Millionen Mark. Dieser Schein wird bis einen Monat nach Aufruf in den Tageszeitungen bei der Stadthauptkasse Hagen i.W. und der Kreiskommunalkasse Hagen i.W. eingelöst werden. Hagen i.W., den 1. Oktober 1923. Der Landrat : Der Oberbürgermeister : (Translation: 50 Million Marks Voucher of the City and District of Hagen for Fifty Million Marks. This note will be redeemed up to one month after being announced in the daily newspapers at the City Main Treasury of Hagen i.W. and the District Municipal Treasury of Hagen i.W. Hagen i.W., October 1, 1923. The District Administrator: The Lord Mayor:) |
| Reverse description | Plain typeset reverse with a large ornamental blackletter initial "D" at upper left introducing the liability disclaimer text in Gothic typeface. A vertical right panel repeats the denomination "50 Millionen Mark" in letterpress. An official circular cachet is impressed at centre below the text, above two manuscript signatures of the Landrat and Oberbürgermeister. |
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| Comments |
Hagen was among the Ruhr industrial centers that found themselves printing emergency money at scales that would have been unimaginable two years earlier. This note was issued during the hyperinflation peak of 1923, when the Reichsbank's supply of officially printed currency simply could not keep pace with the daily devaluation — municipal and district authorities across the Rhineland and Westphalia were legally permitted to issue their own Notgeld to meet payroll and basic commercial transactions.
Fifty million marks. By late October 1923, that sum would not reliably buy a loaf of bread.