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| 正面描述 | Salmon-pink note printed in dark brown on a fine guilloche underprint of repeating rosette and wave patterns. The denomination '10' appears in large bold numerals at left and right, with 'Zehn Goldpfennig' in Gothic script at centre. Above, a multi-line text in Gothic lettering identifies this as value-stable emergency money ('Wertbeständiges Notgeld') issued by the Handelskammer Leipzig with reference to Reichsfinanzministerium authorisation and backing by a German Reich gold loan. Below the denomination, the exchange rate '(4.20 Goldmark = 1 Dollar)' is stated, followed by the issuer name 'Handelskammer Leipzig.' and the date 'November 1923.' Two manuscript signatures appear at the lower left and right, captioned 'Vorsitzender.' and 'Syndikus.' respectively, with the printer's imprint 'Spamer, Leipzig' at the lower right margin. |
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| 正面铭文 | Wertbeständiges Notgeld der Handelskammer Leipzig. Dieser mit Genehmigung des Reichsfinanzministeriums ausgegebene und durch Hinterlegung von wertbeständiger Anleihe des Deutschen Reiches gedeckte Notgeldschein wird durch Zehn 10 Goldpfennig 10 (4.20 Goldmark = 1 Dollar) gemäß den umstehenden Bedingungen eingelöst. Handelskammer Leipzig. November 1923. Vorsitzender. Syndikus. Spamer, Leipzig |
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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.