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0,42 Mark Gold = Ein Zehntel Dollar Deutsche Reichsbahn
| Issuer | Deutsche Reichsbahn (German National Railway) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Printed in olive-brown on cream paper, the face is entirely covered by a fine guilloche underprint with a decorative floral border. The denomination line in large Gothic blackletter script reads '0,42 Mark Gold = Ein Zehntel Dollar' across the centre, with the issuer name 'Deutsche Reichsbahn' and the designation 'Wertbeständiger Geldschein' above. A green serial number appears at upper right, a red circular imperial eagle seal is affixed at lower centre, and a facsimile signature of the Reichsverkehrsminister appears at lower right beneath the place and date 'Berlin, 7. November 1923'. |
|---|---|
| Obverse lettering | 0,42 Mark Gold = 1/10 Dollar Deutsche Reichsbahn Wertbeständiger Geldschein 0,42 Mark Gold = Ein Zehntel Dollar Gedeckt durch mit 6% verzinsliche, 1932 rückzahlbare auf Gold lautende Schatzanweisungen des Deutschen Reichs Der Inhaber dieses Scheines kann innerhalb eines Monats nach Aufruf den Umtausch in Goldschatzanweisungen oder nach Wahl des Ausstellers den Gegenwert in deutschen Zahlungsmitteln verlangen. Der Reichsverkehrsminister Berlin, 7. November 1923 |
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| Comments |
Deutsche Reichsbahn issued a series of wertbeständige — value-stable — notes in 1923 as the Weimar hyperinflation made the Reichsmark effectively unusable for commercial transactions. By pegging denominations to gold and the US dollar simultaneously, the railway was operating its own parallel monetary system, a legally dubious but practically necessary arrangement. The Reich government tolerated it because the railways needed to pay wages and accept freight payments in something workers and shippers would actually hold overnight.
The dual denomination — 0.42 Gold Mark equaling one-tenth of a dollar — reflects the fixed 4.20 Gold Mark to USD rate established under the pre-war gold standard, a figure that briefly re-anchored the entire Rentenmark reform later that November.