10 Pfennig

Selb is a porcelain town in Upper Franconia, home to Rosenthal and later Hutschenreuther, and in 1920 its municipal council was doing what hundreds of German small-town administrations were doing simultaneously: printing emergency small-change notes — Kleingeldscheine — to compensate for the near-total disappearance of metal coinage from circulation. The hoarding of copper and nickel during the war years had never fully reversed by 1920, and municipal bodies had legal authority under emergency provisions to fill the gap.

These Bavarian municipal issues were produced in short runs and rarely traveled far from the issuing locality, which is precisely why survival rates are low despite the notes being technically post-war.