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1 Pfennig

Issuer Stadtrat Friedberg (City Council of Friedberg in Bayern)
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Value 1 Pfennig (0.01)
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Obverse description Plain pink paper note of square format, printed in dark brown letterpress. A dotted rectangular border frames the central text field, with small square corner ornaments at each corner. The issuer name 'Stadtrat Friedberg' is set in bold blackletter (Fraktur) type in the upper portion, with the denomination '1 Pfg.' rendered in a larger bold typeface below.
Obverse lettering Stadtrat Friedberg 1 Pfg.
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Friedberg in Bayern, a small town near Augsburg, issued emergency paper money — Notgeld — during the coin shortages that gripped Germany in the early 1920s. A 1 Pfennig note is among the lowest denominations ever committed to paper, a measure of how completely small change had vanished from everyday commerce. The square format is unusual even within the already eccentric world of municipal Notgeld.