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500 000 000 Mark
| Issuer | Magistrat der Stadt Herne |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Scheine ohne Nummer und Prägestempel sind ungültig No. 500 Millionen Mark zahlen die städtischen Kassen der Stadt Herne dem Einlieferer dieses Scheines Herne, den 1. August 1923 Der Magistrat |
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| Reverse lettering | Für die Einlösung dieses Scheines haftet die Stadt Herne mit ihrem Vermögen und mit ihrer Steuerkraft. 500 Millionen Mark Dieser Schein verliert einen Monat nach Aufruf in den Herner Tageszeitungen seine Gültigkeit. Scheine ohne Nummer und Prägestempel sind ungültig. |
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| Comments |
Herne's municipal authority — the Magistrat — was one of hundreds of German local governments forced into emergency currency production during the hyperinflation peak of late 1923. By September of that year, the Reichsbank could not physically print and distribute notes fast enough to meet demand, so towns printed their own. This is notgeld in its most extreme form: not the decorative souvenir notgeld of 1920–21, but a functional emergency instrument pushed out under genuine monetary collapse.
Five hundred million marks. When this note was issued, that sum would buy roughly a loaf of bread — if the exchange rate held through the morning.