2 Gulden

Danzig's 1923 coinage was issued by the Free City's Senate under the monetary framework established after the Treaty of Versailles carved the port out of German territory and placed it under League of Nations protection. The gulden was introduced that year specifically to sever the city's currency dependence on the Polish mark, which had been devastated by inflation. Germany's own hyperinflationary collapse in 1923 made the timing politically charged — Danzig needed monetary distance from both Berlin and Warsaw simultaneously.

KM#146 was struck at the Utrecht mint in the Netherlands, an arrangement that underscored just how constrained Danzig's own institutional infrastructure was for a nominally sovereign entity.