10 Pfennig

Netzschkau is a small textile town in the Vogtland district of Saxony, and this 10 Pfennig note is a product of the Kleingeldersatz emergency — the acute small-denomination coin shortage that gripped Germany during and after the First World War. Municipal authorities across the country, including hundreds of minor towns like Netzschkau, were legally permitted to issue provisional paper Kleingeld to keep local commerce functioning when copper and nickel disappeared from circulation into wartime metal requisitions.

Vogtland Notgeld from small Gemeinden tends to survive in high grades — these were often collected rather than spent, particularly after 1920 when the phenomenon became a deliberate philatelic industry.