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4,20 Mark Gold
| Issuer | Württembergische Notenbank |
|---|---|
| Year | 1923 |
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| Reference(s) | P#S993 |
| Obverse description | Green guilloche underprint covers the entire face, framed by an ornate lace-like border. The denomination "Vier Mark zwanzig Pfennig Gold – Ein Dollar U.S.A." is printed in large Gothic script across the centre, with the abbreviated values "4,20 Mark Gold" and "1 Dollar U.S.A." at the upper left and right respectively. The issuer name "WÜRTTEMBERGISCHE NOTENBANK" appears twice, above and below the central text block, with the WNB monogram cartouche at lower left and two manuscript signature lines at lower right, dated Stuttgart, 5. Dezember 1923. |
|---|---|
| Obverse lettering | 4,20 Mark Gold 1 Dollar U.S.A. WÜRTTEMBERGISCHE NOTENBANK Anweisung auf Vier Mark zwanzig Pfennig Gold = Ein Dollar U.S.A. voll gedeckt durch Golddevisen und Dollarwechsel Der Zeitpunkt des Aufrufs dieser Anweisung bleibt der Württembergischen Notenbank vorbehalten Stuttgart, den 5. Dezember 1923 WÜRTTEMBERGISCHE NOTENBANK (Translation: 4.20 Gold Marks 1 U.S. Dollar Württemberg Central Bank Instruction for Four Gold Marks 20 Pfennigs = One U.S. Dollar fully covered by gold currency and dollar bills The timing of the call for this instruction remains at the discretion of the Württemberg Central Bank Stuttgart, December 5, 1923 Württemberg Central Bank) |
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| Comments |
The Württembergische Notenbank was one of four German private note-issuing banks permitted to continue operating alongside the Reichsbank under the 1875 Banking Act, and this note belongs to the frantic Goldmark-denominated emergency series issued in late 1923 as the hyperinflationary Papiermark collapsed entirely. The denomination — 4.20 Mark Gold — was not arbitrary: it equated to one U.S. dollar at the pre-war parity, a deliberate anchor to stable foreign value at a moment when the Papiermark was being quoted in the trillions.
The Stuttgart printing origin is confirmed; the Württembergische Notenbank operated locally and did not outsource this emergency series abroad.