50 000 Mark Steinkohlenbergwerk Gewerkschaft Neumühl

Gewerkschaft Neumühl was a coal mining cooperative in Hamborn, then a heavily industrialized city on the northern edge of the Ruhr that was formally incorporated into Duisburg only in 1929. This note belongs to the vast category of German notgeld issued during the hyperinflation of 1923, when coal mines, steelworks, and municipal authorities throughout the Ruhr printed their own emergency currency to pay workers — partly out of necessity, partly because French and Belgian occupation forces had disrupted Reichsbank distribution during the Ruhrbesetzung.

Mining Gewerkschaften in the region issued wages directly in notgeld throughout much of 1923. By the time 50,000 Mark denominations were in circulation, the figure was already being outpaced by inflation within days of printing.