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10 Gulden Danziger Zentralkasse

Issuer Danziger Zentralkasse Aktiengesellschaft
Year 1923
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Value 10 Gulden
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Obverse description Printed in black on a salmon-pink guilloche underprint, the obverse carries the large bold denomination legend '10 DANZIGER GULDEN' across the upper portion. A vignette of a historic Hanseatic sailing vessel (cog) appears to the left centre, surmounted by the Danzig city arms. The central text block sets out the terms of the Kassenschein in German script, including the date 'Danzig, den 22. Oktober 1923', followed by the issuer's name 'Danziger Zentralkasse Aktiengesellschaft' and a manuscript signature; a serial number in green is printed at lower left, with a side marginal note regarding a London cheque fee printed vertically along the left border.
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Protection description Watermark present in the paper; exact pattern not confirmed from catalog sources.
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Comments

The Danziger Zentralkasse was established specifically to handle the Free City of Danzig's acute currency instability during the early 1920s hyperinflationary period — a political entity with its own monetary system, sandwiched between Germany and Poland, neither of which it belonged to. The 1923 date places this note squarely in the worst of that regional chaos, when Danzig's Gulden was being actively managed to avoid the collapse engulfing the German Reichsmark across the border.

The watermark security on a note of this period and region is worth noting — many contemporaneous emergency issues dispensed with such features entirely under production pressure.

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