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4.2 Goldmark / 1 Dollar Landesbank der Provinz Westfalen
| Issuer | Landesbank der Provinz Westfalen |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Entire face set in Fraktur blackletter script on a fine guilloche underprint. The denomination '4,20 Goldmark = 1 Dollar' appears at top, with a large ornamental '1 Dollar' centred below. Mid-field carries the issuer title 'Westfälische Goldanleihe der Landesbank der Provinz Westfalen'; lower text block states the legal authority, dated Münster i.W., 10 November 1923, with two manuscript signatures below. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed entirely in Fraktur blackletter script on plain paper with a faint show-through of the obverse guilloche underprint visible from behind. The text sets out the redemption conditions, specifying surrender between 10 and 28 February 1924, with payment at the Berlin Börse average rate for New York or exchange against 6% Westfälische Goldanleihe Reihe II bonds; a closing clause declares the note void after the redemption period. |
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| Comments |
The Rentenmark stabilization of November 1923 made most emergency currency obsolete almost immediately, but before that anchor arrived, provincial and municipal institutions across Germany were issuing their own stopgap paper at a frantic pace. The Landesbank der Provinz Westfalen's dollar-pegged note is a product of that specific window — the late hyperinflation period when tying a denomination to a foreign currency was one of the few ways to give a note any credible purchasing power at all.
The 4.2 Goldmark equivalence reflects the official gold parity rate of the pre-war Reichsmark to the US dollar. Notgeld issuers used it to signal stability, not because redemption in dollars was ever genuinely on offer.