1 Pfennig Erzgebirgische Bank

Schneeberg-Neustädtel was a twin mining town in Saxony whose silver deposits had been exhausted for centuries by 1918, but whose name still carried industrial weight. This note was issued under the emergency currency (Notgeld) provisions that proliferated across German municipalities during the final year of the war, when coin shortages made even one-pfennig denominations worth printing.

At 42 × 40 mm, it is nearly square — an unusual format even among the chaotic variety of wartime Notgeld issues. The Erzgebirgische Bank itself was a regional savings institution, not a major commercial bank, which makes survival rates for its small-denomination issues genuinely low.