1 Gold-Mark Gas- und Wasserwerk

Monschau — known officially as Montjoie until 1918, when the town's French-derived name was quietly dropped in the nationalist reshaping of German geography after World War I — was a textile manufacturing town in the Eifel region near the Belgian border. This note was issued not by a municipal treasury or savings institution but by the town's combined gas and water utility, a common enough arrangement in smaller German municipalities during the Notgeld period, when any entity with local credibility and a printing contact could fill the void left by coin shortages.

The printer, Jac. Weiss, was a local Monschau firm — the "Montjoie" imprint dates the printing to before the 1918 renaming.