10 Pfennig

Freiberg's Notgeld issues of 1921 sit in the second wave of German municipal emergency money — not the immediate post-WWI scramble, but the inflationary creep that preceded the catastrophic hyperinflation of 1922–23. Stadt Freiberg, one of Saxony's oldest silver-mining centers, issued small-denomination scrip because Reichsbank coin had effectively vanished from circulation, hoarded or melted faster than it could be replaced.

Ernst Lange printed locally, which was entirely typical for Notgeld — municipalities dealt with whoever was nearby and available. The 52 × 37 mm format is characteristic of the smaller Kleingeldscheine intended for actual transactional use rather than the larger collector-oriented Serienscheine that flooded the market simultaneously.