10 Pfennig

Mylau is a small town in the Vogtland region of Saxony, and this note is a product of the post-WWI Notgeld wave that flooded Germany between 1919 and 1922. Municipal councils across the country issued their own emergency small-denomination scrip to compensate for a chronic shortage of official coinage — itself a consequence of metal hoarding and wartime metal requisitions that had gutted circulation long before hyperinflation became the dominant story.

Carl Werner of Reichenbach was a regional printer responsible for a number of Vogtland Notgeld issues, working close to home here — Reichenbach sits just a few kilometers from Mylau itself.