1 Mark

Holzminden is a small town on the Weser River in Lower Saxony, and its Stadtkasse — the municipal treasury — was among hundreds of German local authorities that issued their own emergency currency during the hyperinflation spiral of the early 1920s. This Notgeld was a practical stopgap, not a monetary experiment: the Reichsbank simply could not supply small-denomination notes fast enough to keep pace with collapsing purchasing power.

Gebrüder Jänecke in Hannover was a well-established commercial printer with a long history in securities and official printing work, which gave these municipal issues a more finished appearance than many comparable Notgeld pieces from smaller or less connected towns.