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50 000 Mark Henschel and Sohn

Issuer Henschel & Sohn G.m.b.H., Abt. Henrichshütte, Hattingen
Year 1923
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Value 50 000 Mark (50 000)
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Obverse description Olive-green and mauve Notgeld gutschein printed on plain paper, with a fine guilloche border running the full perimeter and quatrefoil ornaments at each corner. A large circular underprint watermark motif bearing the denomination numerals and the word 'Mark' occupies the centre field, over which the denomination 'Fünfzigtausend Mark' is set in bold Gothic blackletter type. The issuing authority 'Henschel & Sohn G.m.b.H., Abt. Henrichshütte, Die Direktion' appears at lower right alongside two manuscript facsimile signatures, with the place and date 'Hattingen, 1. März 1923' at lower left, the alphanumeric serial number at upper right, and the validity clause 'Gültig bis 30. April 1923' at bottom left.
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Reverse description Executed in olive-green and mauve on plain paper, the reverse is an entirely ornamental composition without text. Three symmetrically arranged vertical guilloche vignettes, each enclosing a vertical row of crescent and circle motifs, are set against a green lathe-work ground enclosed by a scalloped frame. At the centre a large baroque cartouche in mauve carries the interlaced monogram 'H·S' in Gothic script, flanked by scrolling acanthus ornaments. The denomination numeral '50000' is printed vertically in mauve on both lateral margins.
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Henschel & Sohn is remembered primarily as a locomotive manufacturer based in Kassel, but this note comes from a different branch entirely — the Henrichshütte division in Hattingen, a steelworks on the Ruhr with roots going back to 1854. During the hyperinflation of 1923, large industrial employers throughout the Ruhr issued their own Notgeld to pay workers when the Reichsbank could not supply enough physical currency to cover weekly wage rounds. W. Girardet in Essen, a major regional printer, handled enormous volumes of this emergency industrial scrip.

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