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1 Gulden

Issuer Free City of Danzig
Year 1923
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Thickness 1.2 mm
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Obverse script Latin (Fraktur blackletter)
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Reverse description The arms of the Free City of Danzig are displayed centrally, comprising a crowned shield bearing a cross above a double horizontal bar, supported on either side by a rampant lion facing the shield. A five-pointed star appears in the upper field above the achievement. The date of issue is divided by the lower point of the shield and rendered in two parts — '19' to the left and '23' to the right — separated by a horizontal baseline, all set within a plain raised rim.
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Danzig's status as a Free City under League of Nations protection — carved out of postwar Germany by the Treaty of Versailles to give Poland access to a Baltic port without annexing a majority-German population — created an immediate practical problem: the city needed its own currency. The 1923 Gulden series was the answer, issued just as Germany's hyperinflation was obliterating the Papiermark that Danzig had been using. The timing was not accidental.

KM#145 is the first silver Gulden of the Free City, and the .750 fineness was a deliberate compromise — fine enough to hold confidence, cheap enough to actually mint in quantity.

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