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500 000 000 Mark Bochumer Verein für Bergbau und Gußstahlfabrikation
| Issuer | Bochumer Verein für Bergbau und Gußstahlfabrikation |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Rose-pink letterpress note with a left-side vignette of a standing steel worker or miner figure in a dynamic pose against an industrial background, rendered in a fine guilloche-style underprint. To the right, within an oval guilloche underprint, the denomination '500 Millionen Mark' is printed in bold black type above the issue date and the issuer's name. Series letters 'IV' and 'D' appear at the upper centre, with the numeric value '500 000 000' at the lower left. Two manuscript signatures appear below the issuer's name, accompanied by a stamped serial number. A text panel at the foot of the note sets out the redemption conditions. |
|---|---|
| Obverse lettering | Gutschein über 500 Millionen Mark Bochum, den 1. September 1923 Bochumer Verein für Bergbau und Gußstahlfabrikation 500 000 000 Dieser Gutschein wird 14 Tage nach öffentl. Aufruf ungültig u. kann bis zu diesem Tage bei unserer Hauptkasse und den Zweigstellen der Großbanken in Bochum eingelöst werden. 500 Millionen |
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| Comments |
Bochumer Verein für Bergbau und Gußstahlfabrikation was one of the Ruhr's largest integrated steel and mining operations — and like hundreds of German industrial firms in late 1923, it became a de facto currency issuer out of necessity. The Reichsbank could not supply denominations fast enough to keep pace with hyperinflation, so companies printed their own Notgeld to meet payroll. A 500-million-Mark note would have been worth almost nothing within days of issue.
Notgeld from major industrial issuers tends to survive in better condition than municipal equivalents — firms often retained unissued stocks rather than cycling everything into circulation.