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50 000 000 Mark Hausham, Bergwerksdirektion

Issuer Bergwerksdirektion Hausham
Year 1923
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Shape Rectangular
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Obverse description The note is framed by alternating purple and black ruled borders enclosing a central field with a faint purple underprint incorporating two crossed mining mallets — the heraldic device of the Hausham colliery — as a central vignette. All text is typeset in letterpress. In the lower right, a manuscript director's signature appears in blue ink alongside a blue rubber stamp, also bearing the crossed-mallet device, though considerably faded.
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Reverse description The reverse carries no printed design or lettering; the obverse text and underprint are faintly visible in mirror image as show-through from the thin paper stock, confirming the note was printed on one side only.
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Comments

Hausham is a small mining community in Upper Bavaria whose colliery directorate — the Bergwerksdirektion — issued notgeld during the catastrophic hyperinflation of 1923, when the Reichsmark was losing value so rapidly that local employers had no choice but to print their own emergency wages. A denomination of 50 million marks sounds extraordinary; by late 1923 it was barely adequate for a day's provisions.

The watermarked paper is notable for a mine-issued piece of this period — most colliery notgeld was printed on whatever stock was available.

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