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1 Pfennig
| Issuer | Stadthauptkasse Löbau |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | Gut für 1 Pf Stadthauptkasse Löbau i. Sa. |
| Reverse description | Plain unprinted reverse of buff-coloured cardboard stock, entirely blank with no text, vignette, or ornamental elements. |
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| Comments |
Löbau's municipal treasury issued this 1 Pfennig cardboard note as part of the broader Notgeld wave that flooded Germany after 1918, when small-denomination coinage all but vanished from circulation. The town, in Saxon Lusatia, printed locally — modest production for local need, with no pretense of anything beyond stopgap utility.
Cardboard Pfennig pieces from small Saxon municipalities survive in widely varying condition; the material degrades unevenly and warps with humidity, making flat, undamaged examples harder to find than the catalog frequency might suggest.