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1 Pfennig

Issuer Stadt Waldenburg in Schlesien
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Size 44 × 35 mm
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Obverse description Letterpress-printed in black on white paper, the note is enclosed within a double-line rectangular border. A large white numeral '1' occupies the centre against the dark printed ground, with a faint figural underprint visible beneath it; a curved ribbon scroll at the top carries the denomination legend in Gothic blackletter, while a wavy banner at the foot bears the issuer's place name in two lines in the same script.
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Reverse description Letterpress-printed in black on white paper within a matching double-line border, the reverse is centred on the Waldenburg civic coat of arms — a heraldic shield charged with a solitary conifer tree on rocky ground, rendered in a woodcut-like style. A curved ribbon scroll above the shield carries the legend 'Stadtwappen' in Gothic blackletter, and a lower wavy banner records the date of grant.
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Comments

Waldenburg in Silesia — now Wałbrzych in Poland — was a coal-mining center whose municipal administration issued small-denomination Notgeld during the acute coin shortage of World War One. One-pfennig pieces were among the hardest denominations to source in quantity, making fractional paper an unglamorous but necessary stopgap at street-market level.

The municipality rather than a private firm issued this note, which places it in the civic Notgeld category rather than the commercial scrip more commonly encountered from the period.