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50 000 Mark August-Thyssen-Hütte
| Issuer | August Thyssen-Hütte, Gewerkschaft (Hamborn am Rhein) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain cream-toned reverse centred on a light olive-green guilloche vignette of cloud-like form, within which the numeral '50000' is printed in large bold serif type between two heavy parallel rules. The word 'MARK' appears both above and below the central numeral in spaced capitals, with a fine wavy-line border framing the entire field and the guilloche pattern providing the sole decorative element on an otherwise unadorned surface. |
| Reverse lettering | MARK 50000 MARK |
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| Comments |
August Thyssen-Hütte was one of the great Ruhr steel combines, and during the hyperinflation emergency of 1923 it did what hundreds of large German industrial employers did: printed its own Notgeld to pay workers when the Reichsbank could not supply currency fast enough to keep pace with daily price collapses. This note, denominated at 50,000 Mark, was already a mid-range sum by August 1923 — within weeks, the same denomination would be economically worthless before a shift ended.
Hamborn, on the Rhine opposite Duisburg, was occupied French-Belgian territory during the Ruhr crisis, which added a political dimension to private currency issuance that went beyond mere liquidity management.