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10 Goldpfennig Handelskammer
| Issuer | Handelskammer Leipzig (Leipzig Chamber of Commerce) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 10 Goldpfennig (0.10) |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Salmon-pink reverse on a matching guilloche underprint composed of interlocking rosette medallions and fine wave fillers. The series designation 'Serie S. L. 22.' is printed in the upper left corner and a serial number prefixed 'No' appears at upper right. A central rectangular panel in lighter tone carries a multi-line German text in Gothic script setting out the redemption conditions, stating that the note will be redeemed within one month of call in value-stable German Reich gold bonds at face value or against payment of an equivalent cash amount by the Handelskammer in Leipzig. A partial legend in Gothic script runs along the lower margin. |
| Reverse lettering | Serie S. L. 22. Dieser Schein wird binnen Monatsfrist nach Aufruf in wertbeständiger Goldanleihe des Deutschen Reiches zum Nennwert oder gegen Zahlung eines gleichwertigen Barbetragen durch die Handelskammer in Leipzig eingelöst. Ablösungen werden nach den gesetzl. Bestimmungen betreff. |
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| Comments |
Leipzig's Chamber of Commerce issued this note during the acute small-change crisis of 1923, when hyperinflation had driven even the lowest Reichsmark denominations out of practical use. The denomination in Goldpfennig — gold pfennigs — was a deliberate hedge: by anchoring the face value to a gold-equivalent rather than paper marks, the issuer was signaling that the note held stable purchasing power regardless of whatever the Reichsbank was printing that week.
Spamer was a Leipzig-based printing and publishing house with deep roots in commercial work, not a specialist banknote printer. That choice was almost certainly driven by logistics — specialist printers were overwhelmed in 1923 — rather than preference.