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50 000 000 Mark Stinnes-Zechen
| Issuer | Stinnes Zechen (Hugo Stinnes collieries), Essen |
|---|---|
| Year | 1923 |
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| In circulation to | 31 December 1923 |
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| Obverse description | Typeset Notgeld on cream paper with orange guilloche underprint forming decorative borders on left and right margins. Large bold Gothic script denomination '50 Millionen Mk.' dominates the centre, above redemption text in Fraktur typeface. Dated 'Essen, den 19. September 1923' with serial number at lower right and two manuscript signatures below the issuer name 'Stinnes Zechen'. |
|---|---|
| Obverse lettering | GUTSCHEIN der Stinnes Zechen in Essen über 50 Millionen Mk. Sämtliche Kassen der Stinneszechen lösen diesen Gutschein jederzeit, spätestens 10 Tage nach Aufkündigung in der Essener Allgemeinen Zeitung und in der Bottroper Volks-Zeitung ein. Essen, den 19. September 1923. Stinnes Zechen |
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| Comments |
Hugo Stinnes — coal baron, shipping magnate, and at one point the largest private industrial employer in Weimar Germany — was among the more aggressive participants in the emergency currency system that collapsed alongside the mark in 1923. His collieries issued Notgeld denominated in the tens of millions not because the amount represented real purchasing power, but because inflation was outrunning print schedules faster than any issuer could track.
Stinnes died in April 1924, before the full wreckage of his overextended empire became clear. The colliery operations were already issuing at 50-million-mark face values by mid-1923, when that sum would barely cover a loaf of bread.