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5 Pfennigs Arbeitgeberkartell für die Unterweserorte
| Issuer | Arbeitgeberkartell für die Unterweserorte (Bremerhaven, Geestemünde and Lehe) |
|---|---|
| Year | 1923 |
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| Value | 5 Pfennigs Gold (0.05) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Notgeldschein über Fünf Pfennig Gold Pfennig Gold Ausgegeben mit Genehmigung des Reichsministers der Finanzen Einlösbar zu umstehenden Bedingungen Gedeckt durch hinterlegte Goldanleihe des Deutschen Reiches BREMERHAVEN / GEESTEMÜNDE / LEHE den 1. November 1923 Arbeitgeberkartell für die Unterweserorte: Otto Remmler, Geestemünde (Translation: Emergency note for Five gold pfennig Gold pfennig Issued with authorization of the Reich Minister of Finance Redeemable under the conditions printed overleaf Secured by deposited Gold Loan of the German Reich Bremerhaven / Geestemünde / Lehe 1 November 1923 Employers' cartel for the Lower Weser localities: Otto Remmler, Geestemünde (printer)) |
| Reverse description | Log in to see details |
| Reverse lettering | Der Inhaber dieses Scheines ist berechtigt, binnen einem Monat nach Aufruf in den in Geestemünde und Bremerhaven erscheinenden Tageszeitungen entweder gegen je 4.20 M. in diesen Scheinen die Aushändigung von Schatzanweisungen der wertbeständigen Anleihe des Deutschen Reiches von 1923 (Goldanleihe) im gleichen Betrage oder die Auszahlung des gleichwertigen Barbetrages in gesetz- lichen Zahlungsmitteln, berechnet nach dem letzten amtlichen Berliner Geldkurse der Goldanleihe zu verlangen. Der Umtausch oder die Einlösung hat bei den der Vereinigung der Banken und Bankgeschäfte an der Unterweser angeschlossenen Banken und Bankiers zu erfolgen. Scheine, welche nicht spätestens einen Monat nach Aufruf zum Umtausch oder zur Einlösung vorgelegt werden, verlieren ihre Gültigkeit. (Translation: The holder of this note is entitled, within one month after a public call/notice in the daily newspapers published in Geestemünde and Bremerhaven, either, in exchange for 4.20 marks per note in these notes, the handing-over of treasury notes of the value-stable loan of the German Reich of 1923 (Gold Loan) in the same amount, or the payment of the equivalent cash amount in legal tender, calculated according to the latest official Berlin exchange rate for the Gold Loan, to demand. The exchange or redemption must take place at those institutions affiliated with the association of banks and banking businesses on the Lower Weser. Notes which are not presented, at the latest, one month after the call/notice for exchange or redemption lose their validity.) |
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| Comments |
The Arbeitgeberkartell für die Unterweserorte — an employers' cartel covering the three adjacent Lower Weser towns of Bremerhaven, Geestemünde, and Lehe — issued this note during the hyperinflation emergency of 1923, when municipal and private organizations across Germany scrambled to produce small-denomination Notgeld to cover the chronic shortage of fractional currency. Employer associations issuing their own scrip is relatively uncommon even within the sprawling Notgeld catalogue; most private issuers were commercial firms or local savings banks.
The watermarked paper is an unusual security measure at this denomination and from this class of issuer — most comparable 5-Pfennig pieces dispensed with it entirely.