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500 000 Mark August-Thyssen-Hütte

Issuer August-Thyssen-Hütte, Gewerkschaft, Hamborn
Year 1923
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Value 500 000 Mark (500 000)
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Obverse lettering GUTSCHEIN
FÜNFHUNDERTTAUSEND
500000 MARK 500000
Einzulösen bei der Hauptkasse der August Thyssen-Hütte, Gewerkschaft, Hamborn a. Rh. Ausgegeben zur Durchführung der Lohnabkommen im Rheinisch-Westf. Industriebezirk.
Dieser Gutschein verliert am 31. Dezember 1923 seine Gültigkeit.
Hamborn a. Rh., den 25. Juli 1923.
August Thyssen-Hütte, Gew., Gewerkschaften Friedrich Thyssen, Lohberg, Rhein I.
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Signature(s) Fritz Thyssen and Julius Thyssen
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Comments

Notgeld issued by the Thyssen steelworks in Hamborn during the peak of the 1923 hyperinflation, when industrial firms across the Ruhr were forced to print their own emergency wages simply to pay workers before money lost value between morning and afternoon. The August-Thyssen-Hütte was among the largest steel operations in Germany at the time, and its in-house printer, Thyssendruck, handled production on-site — one of the few cases where the issuing firm owned the press that made the notes.

Both Fritz and Julius Thyssen signed. Their father August had died in 1926 — no, in 1926 is wrong; August Thyssen died in April 1926, so in 1923 he was still alive but the firm bore his name rather than his signature.

Hmm, let me redo this properly.

Notgeld issued by the Thyssen steelworks at the height of the 1923 hyperinflation, when Ruhr industrial employers routinely printed their own emergency currency to meet weekly — sometimes daily — payrolls before wages became worthless in transit. Thyssendruck, the in-house printer, produced the notes on-site in Hamborn, making this one of the relatively few corporate Notgeld issues where the issuing firm controlled its own press.

Fritz and Julius Thyssen both signed. Their father August, founder of the steelworks, was still living in 1923 but did not

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