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0.42 Goldmark / 1/10 Dollar
| Issuer | City of Augsburg (Stadtkämmerei Augsburg) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Ausgegeben mit Genehmigung des Reichsministers der Finanzen Wertbeständiger Gutschein über 0,42 Goldmark = 1/10 Dollar Nur gültig für den Geldverkehr innerhalb der Stadt Augsburg. Der Nennwert dieses Gutscheines von 42 Pfennig = ein Zehntel Dollar wird binnen Monatsfrist nach Aufruf bei der Stadtkämmerei in Schatzanweisungen oder wertbeständiger Anleihe des Deutschen Reiches umgetauscht oder gegen Aushändigung des Scheines in einem gleichwertigen Barbetrage ausbezahlt. Der Aufruf erfolgt spätestens am 15. Dez. 1923 Augsburg, den 16. November 1923 Oberbürgermeister |
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| Protection type | Watermark |
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| Comments |
Augsburg's 1923 fractional Notgeld occupies an odd corner of Weimar-era emergency currency. The denomination itself — 0.42 Goldmark or 1/10 Dollar — reflects the city's attempt to peg its scrip to stable foreign exchange at the peak of the hyperinflationary collapse, when the Reichsmark was functionally worthless and municipalities were improvising monetary instruments week to week.
The dollar peg was the point. By late 1923, American currency had become the informal benchmark for anything of real value in Germany, and Augsburg's Stadtkämmerei was not alone in printing that equivalence directly onto the note.