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0.42 Goldmark Württembergische Industrie- und Handels-Goldnote
| Issuer | Handelskammer Stuttgart / Württembergische Vereinsbank |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
| Size | 126 x 83 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Württemberg. Industrie- und Handels-Goldnote über 0,42 Goldmark = 1/10 Dollar in Goldanleihe Diese Note ist voll gedeckt durch Goldanleihe, die von den an der Notenausgabe beteiligten, durch die württembergischen Handelskammern vertretenen Firmen bei der Württembergischen Vereinsbank hinterlegt wurde. Der Inhaber dieser Note ist berechtigt, sie an den Kassen der Württemb. Vereinsbank gegen Goldanleihe gleichen Nennwerts einzutauschen, sobald genügend Stücke der Goldanleihe in kleinen Werten vorhanden sind. Der Umtausch der Note hat bis spätestens 31. Dezember 1923 zu erfolgen. Stuttgart, den 27. Oktober 1923. Für die württemberg. Handelskammern: Die Einlösung gewährleistet als Treuhänder: Handelskammer Stuttgart Württembergische Vereinsbank Genehmigt vom Reichsfinanzministerium (Translation: Württemberg Industry and Trade Gold Note for 0.42 Goldmark = 1/10 Dollar in gold bond This note is fully backed by gold bonds, which were deposited by the companies involved in the issuance of notes, represented by the Württemberg Chambers of Commerce, at the Württemberg Vereinsbank. The holder of this note is entitled to exchange it at the counters of the Württemberg Vereinsbank for gold bonds of the same nominal value, as soon as sufficient units of the gold bond in small denominations are available. The exchange of the note must occur no later than December 31, 1923. Stuttgart, October 27, 1923. For the Württemberg Chambers of Commerce: Redemption guaranteed as trustee: Handelskammer Stuttgart Württembergische Vereinsbank Approved by the Reich Ministry of Finance) |
| Reverse description | The reverse is an unprinted mirror impression of the obverse text showing full bleed-through of the Fraktur letterpress and guilloche underprint, visible in reverse as a blue-grey ghost image. No independent design elements are present; the note is blank save for the show-through. |
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| Comments |
Württemberg's chambers of commerce and regional banks issued a flurry of Goldnoten in late 1923 as the Reichsmark collapsed and hyperinflation made conventional denominations functionally useless. These notes were denominated in Goldmark — a stable unit tied to pre-war gold parity — rather than in the inflating paper Reichsmark, making them a practical workaround rather than an official currency reform. The Handelskammer Stuttgart and Württembergische Vereinsbank issued jointly, which was itself unusual; most emergency Goldnoten carried a single issuing authority.
The denomination of 0.42 Goldmark is strikingly odd. It corresponds to one-tenth of a U.S. dollar at the gold exchange rate then used as a benchmark — a deliberate peg to hard currency.