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1 Pfennig
| Issuer | Marktgemeinde Altusried (Market Town of Altusried) |
|---|---|
| Year | 1920 |
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| Composition | Paper |
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| Obverse description | Orange-tinted notgeld note printed in dark brown ink. At centre, a shield vignette bearing the large numeral '1' set against a decorative guilloche background, enclosed within a circular ornamental border. The inscriptions 'Gut für' appear at the top and 'Ein Pfennig' below the vignette, with the issuing locality 'Altusried' and the date '1920' at the foot. |
|---|---|
| Obverse lettering | Gut für 1 Ein Pfennig Altusried 1920 |
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| Comments |
Altusried is a small market town in Bavaria's Oberallgäu district, and this 1 Pfennig note is precisely the kind of hyperlocal emergency issue that proliferated across Germany in 1920 as small denominations vanished from circulation. The phenomenon — Kleingeldersatz, or small-change substitution — drove thousands of municipalities, cooperatives, and private businesses to print their own low-value Notgeld. At one Pfennig, this sits at the absolute floor of the denomination range; few issuers bothered going that small.
The Tieste reference places it firmly within the catalogued Bavarian municipal series, but surviving examples at this denomination from rural Allgäu communities are genuinely uncommon.