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50 000 000 Mark Penig
| Issuer | Stadtgirokasse Penig (City of Penig) |
|---|---|
| Year | 1923 |
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| Printer | Heinr. Hausmann, Penig |
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| Obverse description | Uniface Notgeld issued in the German blackletter (Fraktur) typeface throughout, printed in dark blue ink on plain white paper with a light guilloche underprint border composed of repeating geometric ornamental units. The denomination 'Fünfzig Millionen' is set in large display type at centre, with 'MARK' above in spaced capitals; a parallel vertical panel on the right margin repeats the numeral '50.000.000' rotated 90 degrees. The text body states the note's validity conditions and redeemability through the Stadtgirokasse Penig, with the date 'Penig, den 22. September 1923' centred below. Two facsimile signatures appear at lower left and lower right beneath the designations 'Die Stadtverordneten: Vorsteher' and 'Der Stadtrat: Bürgermeister', accompanied by a circular official ink stamp reading 'STADTRAT PENIG'. |
|---|---|
| Obverse lettering | Gutschein der Stadt Penig MARK Fünfzig Millionen vergütet die Stadtgirokasse Penig gegen diesen Schein während der gegenwärtigen Geldknappheit kostenlos durch Gutschrift. Der Endtermin der Einlösung wird im Peniger Tageblatt bekannt gegeben. Bis dahin kann dieser Schein als Geldeswert angenommen werden. Penig, den 22. September 1923. Die Stadtverordneten: Vorsteher: Der Stadtrat: Bürgermeister: Nachahmungen sind strafbar! HEINR. HAUSMANN, PENIG |
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| Comments |
Penig is a small Saxon town on the Zwickauer Mulde, and its municipal savings institution — the Stadtgirokasse — was among hundreds of German local bodies forced to print their own emergency money during the hyperinflation of 1923. By the time denominations reached fifty million Mark, the Reichsbank's supply of authorized currency was simply too slow to keep pace with wages. The Heinr. Hausmann press in Penig handled the job locally, which was common for Notgeld of this period — whatever printer was nearby got the contract.
Fifty million Mark in late summer 1923 was worth less than a few pfennig in prewar purchasing power.