10 Pfennig

Münnerstadt is a small Franconian town in Lower Franconia, Bavaria, and like hundreds of similarly-sized German municipalities in 1920, its city council issued emergency small-change notes — Kleingeldscheine — to plug the coin shortage that had persisted since the war. The Reichsbank had stopped releasing low-denomination coins into circulation years earlier, and local authorities were legally permitted to fill the gap. Most of these hyperlocal issues ran for only a few months before being recalled and destroyed.

Survival rates for Münnerstadt's Notgeld are low simply because so little was printed to begin with — the issuing population was under three thousand.