10 Pfennig

Jacobshagen — now Dobrzany in northwestern Poland — was a small Pomeranian market town of a few thousand residents when it issued this note during the Kleingeldersatz crisis of 1920. The acute shortage of fractional coinage across postwar Germany drove hundreds of municipalities to print their own emergency Pfennig notes, and Jacobshagen was among the more obscure to do so. Local Notgeld at this denomination was rarely redeemed — many circulated informally far longer than authorized before being written off entirely.