10 Pfennig

Namslau — now Namysłów in southwestern Poland — issued this note amid the hyperinflationary pressures and coin shortages that plagued small German municipalities in the early 1920s. Grass, Barth & Comp., operating under the W. Friedrich imprint in Breslau, were among the more prolific regional printers of Notgeld, handling emergency currency for dozens of Silesian towns during this period.

The Namslau issues are not among the rarer Notgeld pieces, but 1920 sits at an interesting inflection point — small-denomination Kleingeldscheine like this were being phased out in many communities just as inflation was beginning its acceleration toward the catastrophe of 1923.