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0.84 Mark Gold / 1/5 US-Dollar

Issuer Finanz-Deputation des Bremischen Staates
Year 1923
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Size 118 × 80 mm
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Obverse description Printed on pale green guilloche-patterned paper, this Anteilschein (share certificate note) of the Bremen Dollar Loan of 1923 carries the large bold denomination '1/5 DOLLAR' at centre, flanked by the qualifiers 'Anteilschein über' to the left and 'nordamerik. Währung' to the right. The upper margin bears the series designation 'Reihe 1' at left and the gold mark equivalence '0,84 Mark Gold = 1/5 Dollar' at right, while the body contains a two-column redemption text in letterpress, a date line 'Bremen, den 22. Oktober 1923', the issuing authority 'DIE FINANZDEPUTATION:', two manuscript signatures, a circular embossed dry seal at lower left, and a red serial number at lower right. The printer's imprint 'Carl Schünemann, Bremen' appears at the lower left margin.
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Reverse description The reverse is printed on plain uncoated paper in dark brown letterpress without any guilloche underprint. Two paragraphs of legal text occupy the central field: the first reserves the right of the Bremische Staat to call the note before 31 March 1924 upon ten days' official notice, and the second states the State's full liability with all its revenues and assets, further noting that certificates not exchanged or redeemed within 14 days of maturity forfeit their validity. A circular dry-seal stamp of the issuing authority is applied at lower right, and a faint mirror impression of the obverse serial number is visible at lower left.
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Comments

Bremen's 1923 fractional emergency currency reflects a specific administrative problem: the old Mark was collapsing so fast that any fixed denomination became worthless before notes could be reissued, so the Finanz-Deputation pegged this piece to a gold equivalent — 0.84 Goldmark, precisely one-fifth of a US dollar at the then-fixed rate — to give it a stable reference value independent of the paper Mark's daily implosion.

Carl Schünemann was a Bremen printing and publishing house with no specialized security printing background. The dry seal was the primary anti-forgery measure, which says something about the speed and circumstances of production.

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