10 Pfennig Altusried

A 1947 Gemeinde note from Altusried — a small market town in the Allgäu — puts this squarely in the immediate postwar Notgeld revival, when Allied occupation authorities permitted German municipalities to issue low-denomination scrip to address the acute coin shortage left by the collapse of the Reichsmark system. The licensing of such local issues varied considerably by occupation zone, and Bavaria fell under American administration, which was generally more permissive about community-level emergency currency than the British or French zones.

Local printing at this scale almost certainly meant a small commercial press, with predictable inconsistencies in registration and ink coverage across the run.