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10 Pfennig

Issuer Stadt Gräfenthal (Thuringia)
Year 1921
Type Local banknote
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Obverse description The obverse is dominated by a colourful vignette of pine branches with cones rendered in a decorative Art Nouveau style, framing a central oval medallion bearing the municipal coat of arms of Gräfenthal within a wreath of laurel. The denomination "Zehn Pfg." is inscribed in a rectangular panel at the upper centre, while the numeral "10" and the abbreviation "Pfg." appear in the lower left and lower right corners respectively. A serial number is printed in the lower centre field.
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Reverse lettering Notgeld 1921
Stadt-Gräfenthal-Th.W.
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Comments

Gräfenthal is a small town in the Thuringian slate mining district, and its 1921 notgeld issue belongs to the enormous wave of municipal emergency currency that flooded Germany as coin shortages became acute in the postwar inflation years. Hundreds of towns issued their own small-denomination paper, and most were printed in bulk by regional jobbing printers with no particular care for longevity — which is why so many of these tiny notes survive in fragile condition despite never having seen hard use.

The format here is notably small even within the notgeld series, where compact dimensions were common for Pfennig values.

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