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500 000 Mark Fried. Krupp - Friedrich-Alfred-Hütte
| Issuer | Fried. Krupp Aktiengesellschaft, Friedrich-Alfred-Hütte |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 500 000 Mark (500 000) |
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| Obverse description | Brown-toned Notgeld note printed entirely in letterpress on plain paper, with the entire face occupied by a dense guilloche underprint of interlocking oval and star rosette patterns. The outer border consists of a continuous ornamental frame of six-pointed star motifs. The issuer's name in Gothic Fraktur script appears at the top in two lines, followed by the denomination spelled out in large bold Gothic lettering across the centre, with the numeral '500000' flanked by 'Mark' on either side. Below, a validity clause states payment acceptance through 31 December 1923, with the place of issue 'Rheinhausen (Niederrhein)', the date '6. August 1923', the authorising legend 'Die Direktion', two manuscript signatures, and a serial number at the foot. |
|---|---|
| Obverse lettering | Fried. Krupp Aktiengesellschaft Friedrich-Alfred-Hütte nimmt für Fünfhunderttausend Mark 500000 Mark diesen Gutschein in Zahlung bis zum 31. Dezember 1923 Rheinhausen (Niederrhein) Die Direktion 6. August 1923 |
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| Comments |
Friedrich-Alfred-Hütte was Krupp's integrated steelworks at Rheinhausen on the Rhine, built in 1897 and named after Friedrich Alfred Krupp, son of the founder. During the 1923 hyperinflation, large industrial employers across the Ruhr issued their own emergency currency — Notgeld — to pay wages when the Reichsbank simply could not supply sufficient physical notes fast enough to keep pace with collapsing purchasing power. A 500,000 Mark denomination tells you exactly where this note sits in that spiral: by mid-1923, that figure would cover perhaps a day's wages.
Krupp's works issues were printed and distributed on-site, redeemable against wages and at company facilities rather than through the broader banking system.