10 Pfennig

Kaub is the small Rhine town directly opposite the Pfalzgrafenstein toll fortress — one of the most strategically positioned river-control points in medieval Germany. The town issued this note in 1920 as part of the vast wave of municipal Notgeld that flooded Germany during the postwar coin shortage, when hoarding and metal scarcity made small change effectively disappear from everyday commerce.

Gebrüder Parcus of Munich were among the more prolific Notgeld printers of the period, handling commissions from dozens of municipalities across Bavaria and beyond. Their output was commercially competent rather than artistically ambitious.