Wertbestaendige notgeld...............notes of 'fixed' value
Wertbestaendige notgeld are those issues which have a 'fixed' value. Their face value is either in dollars US or 'gold' mark, or they are less commonly, for an actual 'commodity'. Denominations, for these notes all issued in late 1923, were based on the '4.2 mark to the dollar' valuation of 1914. Despite the name 'goldmark/goldpfennig', these issues were NOT actually backed by gold...it was all a bit of a sham!
Wertbestaendige notgeld are all dated at the end of 1923 and it appears that about 700 places issued them. Those with money values (about 85% of the issues) are either in US dollars and/or Goldmarks or Goldpfennigs. The note above is for a value of 6 goldmarks and was issued by 'Hamburgische Frauenhilfe'. It is catalogued as LSK148, using the new 2002 Hamburg paper money issues catalogue, by Lindman, Stolzenberg & Kirstein.
The following scan shows 2 scarce wertbestaendige pieces of notgeld issued in Luebben with fairly high face values of 8.40 goldmarks and 21 goldmark. They catalogue under 'L037' in Kai Lindman's new 'Das wertbestaendige Notgeld von 1923/24' catalogue, published in 2008. They have a catalogue value of either 150 or 200 euros in used condition!
The following scan shows another scarce/rare piece, this time issued in Hoechst a. Main. The piece is dated '6 November 1923 and has a face value of 5Goldmark. It catalogues as 'H052a' in Kai Lindman's 'Das wertbestaendige Notgeld von 1923/24' and catalogue value is 350 euros!
The following 4 notes, illustrated below, are made of velvet and leather and were issued in Bielefeld and Osterwieck. The leather notes, for 1 Goldmark were issued on different coloured leather. I have green, white, brown and red. All have similar fronts and backs as depicted by the 2 notes shown. I have been told that these Osterwieck notes are 'Spenden- und Erinnerungsscheine'! That is, they are commemerative issues. You can see that the face-value for the Bielefeld pieces, issued on velvet, are '1 dollar or 4.2 goldmark'..the exchange rate of the mark to the US dollar back in 1914.
The idea behind linking the German currency to the Dollar was that it would hopefully make it more stable and help the German money to maintain a constant value.
This scan nicely shows how the oval pieces were made. There was a card behind the sheet of velvet which was then punched out by machine.
The following table may help you:
1 Goldpfennig = 1/420th of a dollar
4.2 Goldpfennig = 1/100th of a dollar
5 Goldpfennig = 5/420th of a dollar
0.42 Goldmark = 1/10th of a dollar
0.84 Goldmark = 1/5th of a dollar
1.05 Goldmark = 1/4 of a dollar
2.10 Goldmark = 1/2 of a dollar
4.20 Goldmark = 1 dollar
Most wertbestaendige pieces have their face values as the dollar part - so as above you would usually get a note for 1/4 of a dollar, equivalent to 1.05 Goldmark. However, Bielefeld issued a fantastically designed silk piece that had a face value of exactly 1 Goldmark ( and not 1.05)! In the basic stoffgeld catalogue (Band 9) it has 2 variants noted - with or without round stampmark. I have 6 variants, no stampmark, black/purple round stampmark on front and back, red round stampmark on front and back and 'Ungultig' stampmark. (Mouse over scans to see fronts and backs).
It's a protest note firstly against the ongoing Occupation of the Ruhr (the proceeds of circulating the note to collectors no doubt intended for the Ruhrhilfe (Aid for the Ruhr) organisation identified bottom right), and secondly against the League of Nations. The poem bottom left reads :
Around the border in red is a long list of taxes which burden individuals and businesses, namely income Tax, value added tax, business tax, luxury goods tax, tobacco tax, church tax, stamp duty, inheritance tax, police tax, bachelor tax, property tax, buildings tax, alcohol tax, increment value tax, corporation tax, coal tax, dog tax, advertising tax, export tax and import tax.
The rondel on the left of the note shows the figure of Germany, in the form of Deutscher Michel (German Michael) in his traditional sleeping cap, being held to a chair by a French poilu and a British Tommy while France, in the form of a naked Marianne in her traditional revolutionary Phrygian cap, prepares to shave Germany with an ominous-looking cut-throat razor. The surrounding verse reads :