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500 000 Mark Bergwerksgesellschaft Hibernia
| Issuer | Bergwerksgesellschaft Hibernia, Herne |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 500 000 Mark (500 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Die Bergwerksgesellschaft Hibernia in Herne zahlt gegen diesen Gutschein Fünfhunderttausend Mark Die Einlösung muß spätestens 14 Tage nach Aufruf in den amtlichen Kreisblättern bei den Kassen der Bergwerksgesellschaft Hibernia erfolgen. Herne, August 1923. Bergwerksgesellschaft Hibernia. Nr. |
| Reverse description | Log in to see details |
| Reverse lettering | Bergwerksgesellschaft Hibernia in Herne 500000 MARK Zahlen die Kassen der Bergwerksgesellschaft Hibernia 14 Tage nach Aufruf in den amtlichen Kreisblättern dem Einlieferer dieses Scheines. |
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| Comments |
Hibernia was one of the Ruhr's dominant coal-mining companies, and like hundreds of German industrial firms during the hyperinflation of 1923, it issued its own emergency currency — Notgeld — to meet payroll when Reichsbank notes simply couldn't keep pace with collapsing purchasing power. The 500,000 Mark denomination places this squarely in the middle period of the crisis, before the truly astronomical figures of late 1923 rendered even million-mark notes functionally worthless within days of issue.
Industrial Notgeld of this type was printed locally and quickly, often on whatever stock was available. Hibernia's notes were redeemable against the company's own accounts, making their acceptance essentially a matter of employer trust.