1 Pfennig

Mühldorf am Inn, a small Bavarian market town on the Inn River, issued this tiny 1 Pfennig note during the acute small-change famine that gripped Germany in 1919–1921. Coin metal was scarce and hoarded, forcing thousands of municipalities to print their own Kleingeldersatz — substitute small change. The Stadtrat had legal authority to do so under emergency provisions, though the notes were theoretically redeemable only locally.

At 33 × 27 mm, this is among the smallest paper money formats produced under the Notgeld program. The DeNG reference places it firmly in the municipal series, distinct from the decorative "collector" Notgeld that flooded the market slightly later.