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| 正面描述 | Printed in dark brown on a salmon-pink floral guilloche underprint, the note carries the bold heading NOTGELD at top centre within a ruled panel, flanked by ornamental rosette cornerpieces bearing the denomination 0,42. A small Bavarian lion vignette appears at the upper right corner. The central field states the value as 0,42 MARK GOLD = 1/10 DOLLAR in large letterpress type, above and below which multi-line German text sets out the legal basis and redemption conditions of the note, concluding with the issuance date ERLANGEN, den 9. November 1923. At the foot, the issuing authority DER STADT ERLANGEN is printed in a solid panel, with the Stadtrat signature of Dr. Klippel and a second manuscript signature to the right; the printer's imprints of F. Pfaffenberger and Junge & Sohn, Erlangen appear in the lower margins. |
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| 正面铭文 | NOTGELD 0,42 MARK GOLD = 1/10 DOLLAR Ausgegeben mit Genehmigung des Reichsministers der Finanzen. Dieser Notgeldschein ist gedeckt nach Maßgabe der Bestimmungen der Reichsregierung Der Inhaber dieses Scheines kann binnen Monatsfrist nach Aufruf Umtausch in Goldschatzanweisungen des Reiches oder einem dem Kurse des hinterlegten Wertpapieres am Tage der Zahlung entsprechenden Barbetrag verlangen. ERLANGEN, den 9. November 1923 Stadtrat: Dr. Klippel. DER STADT ERLANGEN |
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Erlangen's municipal administration issued this fractional Goldmark note during the stabilization period of late 1923, when Germany's hyperinflation had rendered Reichsmark-denominated Notgeld effectively worthless and municipalities scrambled to peg emergency currency to gold values instead. The 0.42 Mark denomination — a fraction with no obvious precedent — almost certainly reflects a specific local wage or commodity conversion, though the exact rationale is no longer documented in standard references.
Junge & Sohn were a local Erlangen press, not a specialist security printer. The watermark is the primary protection against forgery, modest by any measure.