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5 Gulden

Issuer Stadt Kaiserslautern (City of Kaiserslautern)
Year 1870
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Size 136 × 87 mm
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Obverse description Plain typographic note printed in black on cream paper with a tan border carrying repeated letterpress text reading "FÜNF GULDEN" and the numeral "5" on all four sides, the border inverted at the foot. The central panel, enclosed within a double-rule frame, carries the title "Darlehen-Schein der Stadt Kaiserslautern" in bold Fraktur script above the large denomination inscription "FÜNF GULDEN / SÜDDEUTSCHER WAEHRUNG". Below, a cursive-script promise-to-pay clause states payment three months after conclusion of peace, dated Kaiserslautern, 31 July 1870, with printed signature captions for the Cassirer and the Bürgermeisteramt, each completed in manuscript.
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Reverse description The reverse is printed in black on the same cream stock and enclosed within an ornate repeating-pattern border. A large central oval vignette carries a multi-line Fraktur text block explaining that the loan was issued by the City of Kaiserslautern in the interest of industry for the sum of fl. 100,000, authorised by resolution of the Royal Government of the Palatinate of 23 July and the Kaiserslautern City Council of 28 July 1870, and guaranteed by the assets of the city. A typeset line reading "5 fl. südd. Wahr." runs across the top and bottom margins, the lower one inverted.
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Comments

Kaiserslautern issued this note during the Franco-Prussian War of 1870–71, when the disruption of normal commerce and the hoarding of coin created acute small-denomination shortages across the German states. Municipal authorities throughout Bavaria and the Rhine Palatinate responded by issuing their own emergency Notgeld — this 5 Gulden piece being among the higher-value examples of that local response.

The Gulden denomination is telling. Bavaria retained the South German Gulden standard until German monetary unification under the Mark system in 1873, so this note represents the very end of that regional currency's legal life.

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