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1,05 Goldmark = ¼ Dollar

Issuer Stadtrat Nördlingen (City Council of Nördlingen), Bavaria
Year 1923
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Size 127 x 85 mm
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Obverse lettering Wertbeständiger Notgeldschein
Genehmigt vom Reichsfinanzministerium
1·05 Goldmark
gleich Dollar: 1/4
Fürstlich Öttingen-Wallerstein'sche Standesherrschaft:
Wallerstein
Stadtrat Nördlingen:
Nördlingen
26.11.23
Reverse description Vertical note in blue and black with a large woodcut-style vignette at top centre: a night watchman in cloak holding a lantern and halberd, with a Gothic church tower and starry sky behind him, signed 'Röhm' at upper left. Below, two columns of humorous German verse in letterpress; at foot, tax-hour designation '2. Stunde 40 Pfg.', a handwritten name, serial number, and the Stadtrat Nördlingen eagle seal.
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Comments

Nördlingen's 1923 notgeld issue belongs to the brief window of "wertbeständiges Notgeld" — value-stable emergency money — that German municipalities scrambled to produce once the Reichsmark hyperinflation made conventional paper worthless. The denomination is pegged to the US dollar rather than any German monetary unit, a pragmatic acknowledgment that the Mark itself had ceased to function as a reliable unit of account. At 1.05 Goldmark to the quarter-dollar, the conversion reflects the official Goldmark-to-dollar rate the Reich was attempting to enforce during stabilization.

The Röhm credit likely refers to a local printing house rather than an outside specialist — Nördlingen had its own established printing trade, and much of the city's notgeld was produced without recourse to the major German security printers.

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