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10 Pfennig Braunschweigische Staatsbank

Issuer Braunschweigische Staatsbank
Year 1921
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Value 10 Pfennigs (10 Pfennige) (0.10)
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Reverse description The reverse presents a richly coloured vignette of Till Eulenspiegel, the legendary German folk trickster, shown in profile facing right and dressed in a red jester's hood with collar. He holds a hand mirror in which an owl is reflected, while a second owl perches to the right, rendered in brown and ochre tones with fine outline work. The denomination '10' appears in the lower left in a stylised numeral, and the entire composition is framed by a border of Low German dialect verse in Gothic script running along all four sides, with the engraver's names 'Büttner' and 'Clausen' visible in the lower margin.
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Protection type Watermark
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Comments

Braunschweigische Staatsbank was one of the older regional state banks still operating under its own authority when the hyperinflationary spiral of the early Weimar period forced virtually every German municipal and provincial institution into emergency note production. This 10 Pfennig piece dates to 1921, before the worst of the inflation hit — small-denomination Kleingeldscheine of this type were issued specifically to address the chronic shortage of metal coinage that had persisted since the war years.

Appelhans Verlag was a Braunschweig-based printing and publishing house, not a specialist security printer. The watermarked paper was the primary concession to anti-counterfeiting on notes at this value level.

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