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1 Pfennig Sparkasse

Issuer Städtische Sparkasse Wasserburg am Inn
Year 1920
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Size 47 × 42 mm
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Obverse description Orange-tinted note with an all-over guilloche underprint incorporating the text 'Städtische Sparkasse Wasserburg' in large watermark-style letters. A bold dark typographic border frames the central field, which carries the year '1920' at the top, the legend 'GÜLTIG FÜR' above the large numeral '1', and 'PFENNIG' below. Patriotic verse lines are set vertically along the left ('Ob schwer auch getroffen — Ist sein Erheben') and right ('Deutschland wird leben') borders, with 'All' unser Hoffen' along the lower margin.
Obverse lettering Ob schwer auch getroffen
Ist sein Erheben
Deutschland wird leben.
All' unser Hoffen
1920
GÜLTIG FÜR
1
PFENNIG
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Comments

Städtische Sparkasse Wasserburg am Inn was among hundreds of German municipal savings banks that resorted to issuing their own Notgeld during the postwar coin shortage of 1920 — small-denomination pfennig notes filling the gap left by the near-total disappearance of copper and nickel coinage from circulation. At roughly 47 × 42 mm, this note is among the smallest format emergency issues of the period, likely printed locally by a job printer rather than a specialist banknote firm.

The Tieste catalogue reference places it firmly in the documented Bavarian municipal Notgeld corpus, though surviving examples in any condition are infrequently offered — low-denomination pfennig pieces were used hard and discarded once the shortage eased in late 1921.

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