100 Pfennigs

Güstrow's municipal savings bank — the Städtische Sparkasse — issued this note during the early inflationary surge of 1922, when German municipal and commercial entities scrambled to produce Notgeld to cover the chronic shortage of small-denomination Reich coinage. The Hof- und Ratsbuchdruckerei was the city's own court and council printing house, a common arrangement for smaller Mecklenburg towns that kept production entirely local rather than contracting with specialist security printers in Berlin or Leipzig.

At 100 Pfennig, this sits at exactly one Mark — a denomination that became almost immediately obsolete as hyperinflation accelerated through 1922 and into 1923.