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| 正面铭文 | Gutschein Stadt Kulmbach. über Zwanzig Mark zahlbar bei der Stadtkasse Kulmbach. Kulmbach im Kriegsjahr 1918 Stadtmagistrat: Flessa. Giltig bis 31. Januar 1919. 20 Mark |
| 背面描述 | The left portion carries a terracotta-tinted photographic vignette of Kulmbach town with the Plassenburg fortress rising on the hill above, framed by a decorative ruled border. The denomination '20 Mark' in blue Fraktur heads the composition at upper left, with a serial number field at upper right. A blank countersignature box with ornamental frame occupies the right margin; the printer's imprint and anti-counterfeiting warning appear at the foot. |
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Kulmbach's municipal authority issued this note during the Kleingeldersatz crisis of late 1918, when the collapse of the imperial government and the disappearance of small-denomination Reichsmarks from circulation forced hundreds of German municipalities to print their own emergency money. Carl Bayer's print shop was a local commercial printer — exactly the kind of operation pressed into currency production during this period, with whatever typefaces and paper stock were on hand.
The single signature, Flessa, corresponds to a municipal official rather than a bank director — a reminder that this note's issuing authority was the city administration itself, not any financial institution.