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10 Pfennig
| Issuer | Stadt Eschershausen (City of Eschershausen) |
|---|---|
| Year | 1921 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Eschershausen in Braunschweig Wilhelm Raabe's Geburtshaus Raabeturm und Denkmal Dieser Gutschein ist gültig bis zum 1. Juli 1922 und wird von unserer Stadtkasse eingelöst Eschershausen i.Br. den 1.6.1921 Der Rat der Stadt Elsner 10 | 10 |
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| Reverse lettering | "Frei durchgehen! Ist das nicht das größte Wort, das in diesem in Stricken und Banden liegenden Menschenleben gesprochen werden kann?" Wilhelm Raabe: "Deutscher Adel" |
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| Comments |
Eschershausen is a small town in Lower Saxony, and this 1921 Pfennig note is a product of the acute small-change shortage that gripped Germany's municipal economies during the postwar inflation spiral. The Reichsbank's inability to keep low-denomination coinage in circulation forced hundreds of towns — including minor ones like Eschershausen — to print their own emergency paper. The "Elsner" signature almost certainly identifies a municipal treasurer or burgomaster rather than a bank official, as Eschershausen had no independent banking institution of note.
The DeNG reference places this within a numbered series of six known variants for this issuer, suggesting the town produced multiple denominations or design runs across the same period.