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20 Goldpfennig Württembergisches wertbeständiges Notgeld - Württembergische Girozentrale
| Issuer | Württembergische Girozentrale, Stuttgart |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Württembergisches wertbeständiges Notgeld über Zwanzig Goldpfennig Dieser Notgeldschein ist gedeckt nach Maßgabe der Bestimmungen der Reichsregierung. Der Inhaber des Scheines ist berechtigt, ihn an der Kasse der Württ. Girozentrale in Stuttgart, sowie durch die Vermittlung der sämlichen ihr angeschlossenen öffentlichen Sparkassen Württembergs innerhalb eines Monats nach Aufruf nach Wahl der Aussteller gegen Stücke der wertbeständigen Anleihe des Deutschen Reichs bezw. gegen Golddiskontwanweisungen des Reichs oder gegen einen dem Kurse der hinterlegten Wertpapiere am Tage der Zahlung entsprechenden Barbetrag einzutauschen Stuttgart, den 23. November 1923 Für die württembergischen Handelskammern: Handelskammer Stuttgart Württembergischer Städtetag Die Einlösung übernimmt: Württembergische Girozentrale Stuttgart Ausgegeben mit Genehmigung des Reichsministers der Finanzen |
| Reverse description | The reverse is unprinted, presenting a plain expanse of aged ochre paper with a faint guilloche pattern visible as a ghost impression from the obverse printing. No text, vignette, or additional design elements are present. |
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| Comments |
Württemberg's "wertbeständiges Notgeld" — value-stable emergency money — was the regional answer to the hyperinflation crisis of late 1923, when the Reichsmark had become functionally worthless. Rather than denominating in inflating marks, these notes were anchored to the Goldpfennig, a unit tied to gold value, making them a de facto parallel currency for everyday commerce while the national monetary system collapsed around them.
The Württembergische Girozentrale, Stuttgart's central giro institution, issued this through established banking infrastructure rather than ad hoc municipal channels — a distinction that gave it broader acceptance than most Notgeld of the period. The print run of over twelve million pieces reflects genuine mass circulation, not a collector-targeted novelty issue.
Rentenmark stabilization in November 1923 made the entire wertbeständiges system redundant almost immediately after deployment.