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50 Mark Stadtsparkasse with signatures

Issuer Stadtsparkasse Bielefeld
Year 1922
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Printer E. Gundlach A. G., Bielefeld, Germany
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Obverse lettering DRUCK : E.GUNDLACH, A.-G.BIELEFELD. GESETZLICH-GESCHÜTZT D.G.M.
Reverse description The reverse presents a series of industrial vignettes referencing local Bielefeld commercial enterprises, including Wilh. Homann, Gebrüder Sprick, Hermanns u. Kürten G.m.b.H., and the Göricke-Werke, illustrating the industrial character of the city as was customary for Bielefeld's textile and notgeld issues.
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Comments

Bielefeld's silk and linen notgeld issues from 1921–1923 occupy a peculiar corner of emergency currency history. The city's savings bank — not the municipal government directly — was the issuing authority, which was unusual enough, but the choice of woven silk as the substrate was a deliberate hedge against the paper shortages and counterfeiting risks that were making conventional notgeld increasingly untenable during the hyperinflationary spiral.

E. Gundlach A.G. was a local Bielefeld textile and printing firm, which made the production arrangement almost entirely self-contained within the city. The signatures on this example distinguish it from otherwise identical unsigned specimens in the series — a distinction that matters considerably to specialists tracking the various authorized release states.

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