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10 Pfennig Greizer Bankverein

Issuer Greizer Bankverein e.G.m.b.H., Greiz
Year 1917
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Composition Paper
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Obverse lettering Greizer Bankverein e.G.m.b.H., Greiz
GREIZER BANKVEREIN e.G.m.b.H.
GREIZ
Gutschein
über
Zehn Pfennig.
Greizer Bankverein e.G.m.b.H.
Greiz, den 1. Jan. 1917
Gültig bis 31. Dezember 1918
(Translation: Greizer Bankverein e.G.m.b.H., Greiz / GREIZER BANKVEREIN e.G.m.b.H. GREIZ / Voucher / for / Ten Pfennig. / Greizer Bankverein e.G.m.b.H. / Greiz, 1 January 1917 / Valid until 31 December 1918)
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Reverse lettering 10 Pfennig 10
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Comments

Greizer Bankverein was a cooperative credit institution — a Genossenschaftsbank — based in the small Thuringian town of Greiz, then capital of the Principality of Reuss. Like hundreds of similar local issuers across Germany, it entered the notgeld market in 1917 as coin shortages reached crisis level, small-denomination metal having been systematically withdrawn for war production. The cooperative's legal structure, "e.G.m.b.H." — eingetragene Genossenschaft mit beschränkter Haftpflicht — was common among provincial savings and credit bodies but relatively unusual among notgeld issuers, which more typically were municipalities or chambers of commerce.

Reuss itself ceased to exist as a sovereign entity in November 1918.

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