1 Mark

Holzminden's 1921 notgeld issue was produced by Gebrüder Jänecke, a Hannover firm better known for its ink manufacturing than its printing — though by the early Weimar period the company had developed a competent securities and commercial print operation. The 1 Mark denomination places this squarely in the inflationary transitional phase before hyperinflation rendered mark-denominated municipal paper effectively worthless within two years of issue.

Holzminden, a small Lower Saxon town on the Weser, issued notgeld primarily to address the chronic small-change shortage that plagued German municipalities after the war. Most of these civic issues had short redemption windows and were not intended to survive.