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500 000 Mark Rheinische Stahlwerke
| Issuer | Rheinische Stahlwerke A.G. |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Plain cream paper note with a typeset layout enclosed within a fine-line rectangular border with ornamental corner squares. The issuer's name in Gothic Fraktur script across the top reads 'Die Rheinischen Stahlwerke A.G. in Duisburg Meiderich', flanked on both upper corners by the numeral '500000'. The denomination 'Fünfhunderttausend Mark' is set in large bold Gothic type at the centre, above a faint yellow-green underprint of the same value. Below, a block of text in Roman type states the redemption conditions and expiry date of 31 December 1923, followed by the place and date 'Duisburg-Meiderich, den 25. Juli 1923' at lower left, with two manuscript signatures at lower right under the printed name 'Rheinische Stahlwerke'. The serial number and series designation are printed vertically along the left margin. |
|---|---|
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| Reverse lettering | Rheinische Stahlwerke REINSTAHL 500000 Fünfhunderttausend Mark |
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| Comments |
Rheinische Stahlwerke A.G. was one of the major integrated steel producers in the Ruhr, and like dozens of industrial firms during the hyperinflation of 1923, it issued its own emergency currency — Notgeld — to pay workers when the Reichsbank simply could not supply enough physical notes fast enough. A 500,000 Mark denomination sounds staggering; by mid-1923 it was roughly a day's wage, and within weeks it would be functionally worthless.
Corporate Notgeld of this type was printed locally and redeemable only through the issuing firm, which kept payroll moving but fragmented the currency supply across hundreds of private obligations simultaneously.