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4.2 Pfennig Gold = 1⁄100 US-Dollar Handelskammer
| Issuer | Handelskammer Erfurt (Chamber of Commerce) |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is printed in grey-green on a fine overall guilloche underprint. A bold heraldic shield vignette occupies the centre, its interior filled with a crosshatch guilloche pattern and bearing the large numeral '4,2' above the inscription 'Pfennig Gold' in two lines. Two symmetrical rosette guilloche ornaments flank the shield on either side. The title 'Notgeldschein' is set in large roman type across the top, and the issuer's name 'Handelskammer Erfurt' appears in matching type along the lower margin. |
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| Protection description | Intersecting crosses watermark visible throughout the paper |
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| Comments |
This note belongs to the Erfurt Chamber of Commerce's 1923 emergency currency series denominated in Gold-Pfennig pegged to the US dollar — a direct consequence of the hyperinflation that had rendered Reichsmark-denominated Notgeld arithmetically absurd by mid-1923. Tying the unit to a foreign currency fraction was a pragmatic workaround adopted by several German issuers that year, cutting through the chaos of trillion-mark valuations with something notionally stable.
Printed locally by Otto Richters & Co., the watermarked paper was an unusual security investment for what was ultimately municipal scrip. The Tieste reference Va#ERFT.10.01 places it at the head of the Erfurt gold-denominated sequence.