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1 Pfennig Klostergutsverwaltung Ettal
| Issuer | Klostergutsverwaltung Ettal |
|---|---|
| Year | 1920 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Completely plain reverse with no printed design, text, or ornamentation, consisting of unadorned grey-beige paper stock. |
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| Signature(s) | P. Robert M. Reichel O. S. B. |
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| Comments |
Ettal Abbey's estate administration — the Klostergutsverwaltung — issued this 1 Pfennig note in 1920 as part of the widespread German notgeld phenomenon, when municipal and institutional issuers flooded the country with small-denomination emergency scrip to compensate for the near-total disappearance of coin from circulation. The signatory, P. Robert M. Reichel O.S.B., was a Benedictine monk, making this one of the relatively uncommon examples of a monastic institution acting as a local currency authority.
Ettal's community had managed its own agricultural estates for centuries, giving it the administrative infrastructure to back such scrip with practical credibility in the immediate local economy.