An example issued prior to the introduction of the Senate banknotes.
A variety with a six-digit serial number, bearing an "Ungültig!" stamp on the unprinted side.
Printed on paper with a "paddles" watermark.
The banknote is graded by a PMG certificate and has received the high grade of PMG 65 EPQ.
The Free City of Danzig was established in November 1920 under the provisions of the Treaty of Versailles. The question of its monetary system was left to the city authorities. Initially, the German mark remained in circulation. However, as a result of the rampant inflation in Germany, the decision was made to introduce a separate currency – the gulden, divided into 100 pfennigs. It became legal tender in late 1923 and remained in circulation until 1939. The paper money issued in Danzig featured imagery closely associated with the city.
During the First World War, Danzig shared the monetary difficulties experienced by other German cities. A shortage of low-denomination coins necessitated the use of emergency money (Notgeld).
