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| 正面描述 | Typeset Notgeld coupon printed in dark brown and red on cream paper, enclosed within an ornate guilloche border with foliate corner ornaments. The issuing authority 'Stadtgemeinde Pirmasens' is inscribed at the top in Gothic blackletter, above the large bold legend 'GUTSCHEIN' and the denomination 'Fünfhunderttausend Mark' rendered in red Gothic script across a lozenge-shaped underprint panel. The date 'Pirmasens, den 1. August 1923' and the authority line 'Bürgermeisteramt Pirmasens:' appear below, accompanied by two manuscript signatures and an official circular town seal, with series designation 'REIHE E' and a serial number at the lower margin. |
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| 正面铭文 | Stadtgemeinde Pirmasens GUTSCHEIN über Fünfhunderttausend Mark Pirmasens, den 1. August 1923. Bürgermeisteramt Pirmasens : REIHE E No |
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Pirmasens was Germany's shoe manufacturing capital, and by mid-1923 the city's municipal government — like hundreds of German towns — was authorized to issue notgeld to cover the catastrophic shortfall in Reichsbank currency supply. This 500,000 Mark denomination tells you exactly where inflation stood at the moment of printing: a figure that would have seemed absurd in 1921 was barely sufficient for basic transactions within months of issue.
Municipal notgeld from this phase — sometimes called "inflationsgeld" to distinguish it from the earlier small-change notgeld of 1918–1922 — was typically valid only locally and for short periods, often weeks. Pirmasens examples were redeemable through the city treasury.