0.42 Goldmark / 1/10 Dollar

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.