1 Pfennig

Aubing was an independent municipality west of Munich until its incorporation into the city in 1942. This 1 Pfennig notgeld is about as small as German emergency coinage paper gets — at 28 × 25 mm, it was almost certainly cut from a larger printed sheet by hand or with basic tooling, and dimensional inconsistencies between surviving examples are common enough to affect catalogue attribution.

The 1920 date places it in the second wave of municipal notgeld, after the acute 1918–19 small-change crisis had nominally passed but before Reichsbank circulation had fully stabilized at the lowest denominations. A 1 Pfennig issue at this point was borderline anachronistic — which may explain its apparent scarcity relative to the 5 and 10 Pfennig issues from the same DeNG 5/6 series.