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| 背面描述 | The reverse is printed in dark brown on a light green guilloche underprint within a multi-rule border identical in style to the obverse. The central design element is a rectangular cartouche with scrolled acanthus-leaf ornaments above and below, enclosing the large numeral '500000' in bold Roman figures; the surrounding field carries a fine lozenge-pattern guilloche. No additional text appears on this side. |
| 背面铭文 | 500000 |
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Henkel & Cie. — the chemicals and consumer goods firm still trading today as Henkel AG — issued this 500,000 Mark notgeld in 1923 as Germany's hyperinflation made Reichsbank notes functionally useless for meeting weekly payroll. Large industrial employers across the Rhineland and Ruhr were effectively forced into private currency issuance; waiting for official denominations to catch up with inflation meant workers went unpaid.
A. Bagel A.-G. was a Düsseldorf printer with extensive notgeld output during this period, producing emergency issues for multiple regional firms simultaneously. The DeNG 7/8 catalog places this firmly within the commercial/industrial notgeld classification rather than municipal emergency currency.