2 Mark

Tonndorf-Lohe was a small municipality east of Hamburg that, like hundreds of German communities in 1921, issued its own emergency paper money — Notgeld — to address the chronic coin shortage that persisted well after the First World War. Municipal authorities across the Reich were essentially printing their own currency by necessity, with no standardized oversight and wildly varying quality. The designer credit to d. Nägele is notable; Nägele-associated work appears on several south German Notgeld issues, suggesting either a commercial design house supplying multiple municipalities or a traveling commission arrangement common to the period.

Tonndorf-Lohe was later incorporated into Hamburg in 1927, which makes this note one of the few material traces of the municipality's brief independent administrative existence.