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2 Pfennig

Issuer City of Waldenburg (Lower Silesia)
Year 1920
Type Local banknote
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Obverse description Square Notgeld note printed in black, with a bold outer border enclosing a solid central panel bearing the large white numeral "2" flanked by the abbreviation "Pf." on each side and the town name "Waldenburg i. Schl." below. The corner pieces of the border each repeat the denomination "2", while the vertical margins carry the legend "Notpfennige" along each side. The top and bottom borders bear the inscription "Dieser Schein darf straflos gehamstert werden" in letterpress.
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Reverse description The reverse carries a humorous satirical vignette in a crosshatch style, depicting a corpulent, bespectacled man grinning broadly as he sits atop a large mound of coins while clutching a bulging sack, illustrating the hoarding behaviour the obverse inscription alludes to. The background is rendered in vertical ruling, lending depth to the composition.
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Comments

Waldenburg, now Wałbrzych in southwestern Poland, was a coal-mining town whose municipal authorities issued this small-denomination notgeld during the chaotic inflation period following Germany's defeat in the First World War. Two-pfennig pieces were among the lowest denominations produced in the entire notgeld phenomenon — essentially worthless even at issue, their practical function was more about filling the void left by hoarded metal coinage than facilitating any meaningful transaction.

The printed date of 30 April 1945 is almost certainly a catalog or documentation date, not an issue date — Waldenburg fell to Soviet forces in May 1945, and no municipal authority was printing 1920 notgeld in the final days of the war.

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