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1 Goldmark Zentralverband des badischen Einzelhandels
| Issuer | Ortsgruppe Todtnau des Zentralverbandes des badischen Einzelhandels |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Yes |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1 Mk. / Inhaber dieser Bescheinigung hat von d. Ortsgruppe Todtnau d. Zentralverbandes des badischen Einzelhandels / Eine Goldmark / an Waren anzusprechen. / Todtnau 15. Nov. 1923. / Für die Ortsgruppe: / Gültig bis zum Aufruf in der "Wiesentäler Zeitung". |
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| Protection type | Log in to see details |
| Protection description | Light guilloche underprint on obverse; handwritten serial number. |
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| Comments |
The Zentralverband des badischen Einzelhandels — the Central Association of Baden Retailers — issued Goldmark-denominated emergency notes through its local branches in late 1923 as Germany's hyperinflation rendered Reichsmark notes functionally worthless between printing and spending. Pegging scrip to the Goldmark was a practical hedge: it gave the notes a stable theoretical value at a time when official currency was losing purchasing power by the hour.
The Todtnau branch was a small mountain-town issuer in the Black Forest. Notes from minor Ortsgruppen like this one typically had very short circulation windows and low print runs, which cuts both ways for survival rates.