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500 000 Mark Deutsch-Luxemburgische Bergwerks- und Hütten-AG
| Issuer | Deutsch-Luxemburgische Bergwerks- und Hütten-Aktiengesellschaft |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein über Fünfhunderttausend Mark Dieser Gutschein verliert seine Gültigkeit 14 Tage nach öffentlichem Aufruf und kann bis zu diesem Tage bei unserer Hauptkasse in Bochum und den Zweigstellen der Großbanken in Bochum eingelöst werden. Bochum, den 1. August 1923. Deutsch-Luxemburgische Bergwerks- und Hütten-Aktiengesellschaft. 500000 |
| Reverse description | Plain unadorned reverse printed in dark brown Fraktur typeface on cream paper, bearing three paragraphs of text setting out the legal conditions of redemption and the bearer's liability for loss, followed by the issuer's full corporate name centred at the foot. No vignette, border, or ornamental underprint is present. |
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| Comments |
Deutsch-Luxemburgische Bergwerks- und Hütten-AG was one of the great Ruhr industrial conglomerates — a steel and mining giant that, like most German heavy industry, was forced to issue its own emergency currency during the hyperinflation of 1923. These notgeld instruments were not symbolic gestures; they were operational necessities, used to pay thousands of workers at a moment when the Reichsbank could not produce denominations fast enough to keep pace with collapsing purchasing power.
The 500,000 Mark denomination places this note squarely in the mid-1923 acceleration phase, before valuations tipped into the billions. By autumn that year, such figures were already obsolete within days of printing.