1 Pfennig Sparkasse

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.