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500 Mark Erzgebirgischer Steinkohlen-Aktienverein
| Issuer | Erzgebirgischer Steinkohlen-Aktienverein |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | 500 Mark |
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|---|---|
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| Reverse description | Printed in blue-violet on plain paper, the reverse is dominated by a large central guilloche rosette with the denomination "500 Mark" in Gothic script at its center, flanked by the numerals "500" in each upper corner. A warning against counterfeiting is printed in Gothic text across the top, and a validity expiration notice appears along the bottom. The serial number is printed vertically along the left margin. |
| Reverse lettering | Wer Gutscheine nachmacht, oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft. 500 Mark Dieser Schein verliert seine Gültigkeit vier Wochen, nachdem im amtlichen Teil der Sächsischen Staatszeitung und in den Zwickauer Zeitungen die Außerverkehrssetzung erklärt worden ist. |
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| Comments |
The Erzgebirgischer Steinkohlen-Aktienverein was a coal mining joint-stock company operating in the Erzgebirge region of Saxony, and this 500 Mark note is a product of the Notgeld emergency currency wave that swept German industry in 1921–1923. As hyperinflation eroded the purchasing power of Reichsbank notes faster than they could be printed, private companies — mines, factories, municipalities — were legally permitted to issue their own emergency scrip to pay workers and facilitate local trade.
Coal companies were among the more pragmatic issuers: their notes often circulated within tight geographic boundaries, accepted at company stores and local merchants, then redeemed in bulk. By late 1923, the denomination was worthless regardless.