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500 000 Mark Klöckner-Werke
| Issuer | Klöckner-Werke A.-G., Hasper Eisen- und Stahlwerk |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gut für Fünfhunderttausend Mark einzulösen bei der Hauptkasse. Dieser Schein wird ungültig 14 Tage nach Bekanntmachung. Haspe, den 7. August 1923. Klöckner-Werke A.-G. Abt.: Hasper Eisen- und Stahlwerk G. KANNENGIESSER, HASPE |
| Reverse description | The reverse is unprinted, showing only the plain cream paper stock with show-through of the obverse letterpress impression visible in mirror image, confirming the single-sided printing of this emergency currency note. |
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| Comments |
Klöckner-Werke's Hasper iron and steel works was among the industrial giants that issued notgeld during the hyperinflation peak of 1923, when the Reichsbank's output simply could not keep pace with denominations rising weekly. Employer-issued emergency currency was a practical necessity — workers needed something to buy bread with on payday, and the company needed its workforce to show up.
G. Kannengiesser was a local Haspe printer, not a specialist security firm, which shows in the modest production values typical of late-stage industrial notgeld. Klöckner itself had absorbed the Hasper works during its postwar consolidation of Westphalian heavy industry.