1 Gold Pfennig Stadt-Sparkasse

The Stadt-Sparkasse Bielefeld issued an extraordinary range of Notgeld during the hyperinflation of 1923, and this 1 Gold Pfennig piece belongs to one of the more unusual sub-series: gold-denominated emergency notes, valued not in the collapsing paper Reichsmark but in Goldpfennig — a unit pegged conceptually to pre-war gold parity. Bielefeld's savings bank was among the few municipal issuers to adopt gold-standard denominations during the crisis rather than simply printing higher and higher Reichsmark figures.

Bielefeld is also famous for its cloth-based Notgeld from this period, issued on linen. This paper example is the less celebrated format from the same institution.