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10 Pfennig

Issuer Magistrat der Stadt Zerbst
Year 1921
Type Local banknote
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Obverse description The obverse is divided into three vertical panels on a green foliate underprint framed by a red border. The central panel carries the municipal coat of arms of Zerbst — a red castle with four towers above a gateway and flanking shield supporters — set within a wreath of oak leaves. To the left, a niche vignette presents an armoured medieval knight standing at rest; to the right, a corresponding niche contains a female figure in period dress. The denomination '10 Pfg' appears in large Gothic numerals in both upper corners, while the lower register bears the serial number, the voucher title 'Gutschein', validity clause, date 'Zerbst den 1 Juli 1921', the issuing authority 'Der Magistrat' with a manuscript signature, and the printer's imprint 'Louis Köch Halberstadt' below the frame.
Obverse lettering 10 Pfg
Gutschein
Die Gültigkeit erlischt 3 Monate nach öffentlicher Aufkündigung
Zerbst den 1 Juli 1921
Der Magistrat
LOUIS KÖCH HALBERSTADT
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Comments

Zerbst's municipal authority issued this note as part of Germany's vast Notgeld wave — a consequence of chronic small-change shortages that the Reichsbank never adequately resolved after 1918. By 1921 the second phase of Notgeld production was underway, shifting from wartime necessity toward something more deliberate; many municipalities were printing excess quantities knowing collectors would absorb them, which funded local budgets at essentially zero cost.

Louis Koch of Halberstadt was a regional printer who handled Notgeld contracts for several Saxony-Anhalt towns during this period. Whether Zerbst's issue was produced primarily for circulation or collector sale is the real question with any 1921 municipal piece.

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