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| 正面铭文 | Rolandstadt Belgern a.E. 25 Die Gültigkeit erlischt 3 Monate nach öffentlichem Aufruf Belgern d. 1. Nov. 1921. Der Magistrat: Lederbogen Fünfund- zwanzig LOUIS KOCH - HALBERSTADT. |
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| 签名 | Lederbogen |
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Belgern is a small town on the Elbe in Saxony, and like hundreds of similarly sized German municipalities in 1921, it issued its own emergency fractional currency — Kleingeldscheine — to compensate for the chronic shortage of low-denomination coins that had plagued Germany since the war. Louis Koch in Halberstadt was a regional commercial printer who handled notgeld contracts for numerous small issuers across central Germany; his output was functional rather than artistic.
The single signatory, Lederbogen, was almost certainly a municipal treasurer or Bürgermeister-level official. Belgern's issues are modestly collected today, absorbed into the enormous notgeld cataloguing project rather than singled out for particular attention.