10 Pfennig Caricature Series - Issue 2

A. Paul Weber — best known for his later lithographic work and his complicated entanglement with National Socialist cultural politics — designed this caricature series for Arnstadt during the height of German notgeld production. The satirical small-denomination notes issued by German towns in 1920–21 were as much collectible novelties as emergency currency; municipalities knew collectors were hoarding them unspent, and some issued deliberately whimsical designs to exploit that market directly.

The printed date of 30 April 1945 in this catalog record almost certainly refers to a documentation or acquisition timestamp — not the issue date, which is 1921.