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500 000 Mark
| Issuer | Stadt Haspe (City of Haspe) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Serie A Gutschein der Stadt Haspe Fünfhunderttausend Mark Dieser Gutschein wird zur Einlösung durch die Stadtkasse in der Hasper Zeitung und den Hagener Ortsblättern aufgerufen werden. Haspe, den 8. August 1923. Der Bürgermeister: i. V. Beigeordneter. G. Kannengiesser, Haspe |
| Reverse description | The reverse is printed in tan on plain paper and carries a simple, uncluttered composition centred on the denomination numeral "500000 Mark" within a plain ruled rectangular cartouche. Above and below this cartouche the inscription "Stadt Haspe" appears twice in bold roman type. The entire design is enclosed by a decorative border composed of repeated rosette medallions arranged in a continuous chain, giving the reverse a restrained but orderly appearance typical of provincial Notgeld issues of the hyperinflation period. |
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| Comments |
Haspe was an independent industrial town in Westphalia — it merged into Hagen in 1929 — and like hundreds of German municipalities in 1923, it issued its own notgeld when hyperinflation made Reichsbank supply utterly inadequate for daily commerce. The 500,000 Mark denomination places this squarely in the middle phase of the crisis, before denominations climbed into the billions and trillions by autumn of that year.
G. Kannengiesser was a local Haspe printer, not a specialist banknote firm. That matters: municipal notgeld from small-town presses varies considerably in registration quality and paper stock, and Kannengiesser's output for Haspe is no exception.