1 Mark

Philippsthal an der Werra is a small commune in Hesse, best known — then as now — for its potash mining operations along the Werra river. This note is Notgeld, issued during the inflationary spiral of 1921 when small change had effectively vanished from circulation and hundreds of German municipalities printed their own emergency fractional currency to keep local commerce moving.

The DeNG reference covers multiple variants within this series, suggesting the municipality issued across several design or print runs — not unusual for a commune trying to manage demand through 1921 before the situation collapsed into hyperinflation entirely.