10 Pfennig

Kamenz is a small Saxon town — the birthplace of Gotthold Ephraim Lessing, though that has nothing to do with why it issued emergency money. Like hundreds of German municipalities in 1917, the Bezirksverband Kamenz turned to paper Kleingeldersatz because the wartime metal shortage had pulled coins almost entirely out of circulation. Low-denomination pfennig notes like this one were produced in enormous quantities by local print shops, often with minimal security features.

Survival rates for these Notgeld issues vary wildly. Many were redeemed quickly and pulped; others were saved by collectors almost immediately, which is why condition tells you little about true scarcity.