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50 000 Mark Krupp
| Issuer | Fried. Krupp Aktiengesellschaft, Essen |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 50 000 Mark (50 000) |
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| Composition | Log in to see details |
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| Obverse description | Pink and brown notgeld coupon printed on paper with a fine guilloche underprint of rosette and lathe-work patterns. The central text in bold Gothic (Fraktur) blackletter script gives the denomination "Fünfzigtausend Mark" in large display lettering, framed by a double-ruled border with the denomination "50 000 MARK" repeated along all four margins. Series letter and serial number appear in the upper left and upper right corners respectively, with the issuing date, redemption deadline, and two manuscript signatures of the Direktorium at the foot. A decorative guilloche panel in Gothic numerals runs vertically along the right margin. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | FRIED. KRUPP AKTIENGESELLSCHAFT · ESSEN FÜNFZIGTAUSEND M. 50 Tausend (Translation: FRIED. KRUPP CORPORATION, ESSEN FIFTY THOUSAND Mark 50 Thousand) |
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| Comments |
Krupp's wartime and Weimar-era notgeld issues are among the most credible of German industrial emergency currency — the firm had the workforce, the financial infrastructure, and the political weight to back its scrip in a way most municipal issuers could not. This 50,000 Mark piece dates to the hyperinflationary spiral of 1923, when the Reichsbank's capacity to supply currency to employers for payroll was simply overwhelmed. Large industrial concerns like Krupp were authorized to issue their own emergency notes, redeemable at company offices, to pay workers who needed cash weekly or even daily as purchasing power collapsed.
The watermark security feature is notable — few notgeld issuers at this denomination level bothered with it, reflecting Krupp's access to quality paper stocks unavailable to smaller municipal authorities.