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1 Gold Pfennig Flensburger Goldmarkgesellschaft

Issuer Flensburger Goldmarkgesellschaft m.b.H.
Year 1924
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In circulation to 1924
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Obverse description Plain cream-coloured note with bold letterpress title 'Gold Pfennig' across the upper portion. The main body carries a block of small-print German text setting out the redemption terms, with a serial number printed in red at the lower right. A manuscript signature of an issuing officer appears at the foot of the note.
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Reverse lettering Stamped in blue ink: ZUM OFFIZIELLEN KURS DER DEUTSCHEN GOLDANLEIHE
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Comments

The Flensburger Goldmarkgesellschaft was a private issuing entity operating out of Flensburg during the Rentenmark stabilization period, when confidence in state-backed currency remained fragile enough that regional and commercial goldmark schemes found a genuine market. The "Gold Pfennig" denomination is exceptionally small — fractional goldmark scrip at this scale was issued by very few private entities, and Flensburg's geographic position as a border city freshly partitioned from Denmark by the 1920 plebiscite gave local commerce a particular incentive to anchor exchange in something metal-referenced.

The m.b.H. corporate structure suggests a limited-liability trading consortium rather than a bank, though the precise membership of the Gesellschaft is not widely documented.

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