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| 正面描述 | Printed in red and black on plain paper, the obverse carries a fine guilloche underprint at centre incorporating a stylised eagle motif. The denomination numeral '25' appears in bold black type within oval cartouches at upper left and upper right. The title 'Gutschein der Stadt Goslar' is set in Gothic blackletter script across the upper portion, followed by the written denomination 'über Fünfundzwanzig Pfennig.' A validity clause and redemption text appear in a smaller Gothic hand, dated 'Goslar, im Mai 1917,' below which the issuing authority 'Der Magistrat' is stated, accompanied by a manuscript signature. |
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| 正面铭文 | Gutschein der Stadt Goslar über Fünfundzwanzig Pfennig. Dieser Gutschein ist gültig bis 1. Mai 1920 und wird von unserer Kämmereikasse eingelöst. Goslar, im Mai 1917. Der Magistrat. |
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Goslar's 1917 Notgeld issue belongs to the first wave of municipal emergency money authorized after the Reichsbank's metal coin supply collapsed under wartime hoarding and export. The Magistrat, like hundreds of other German local authorities, was legally permitted to issue small-denomination paper to keep commercial transactions functioning at street level. Goslar's version was printed locally — unusual in that many towns of comparable size outsourced to Leipzig or Berlin printers even in 1917.
Pfennig-denomination Notgeld from this period is frequently undervalued relative to its later, more decorative 1920–1922 counterparts, which were issued partly as collectibles. The 1917 pieces were meant to be spent.