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20 Mark
| Issuer | Krefeld, City of |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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|---|---|
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| Reverse description | A panoramic vignette of the Krefeld cityscape occupies the central field of the reverse, rendered in fine line engraving characteristic of German municipal Notgeld of 1918. The urban view is set within a decorative border, with the denomination and issuer details integrated into the surrounding text panel. |
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| Protection type | Watermark |
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| Comments |
Krefeld's 1918 Notgeld issue belongs to the first wave of municipal emergency currency that flooded Germany as the imperial economy buckled under wartime strain. The city, long a center of the German silk and velvet weaving industry, was among hundreds of municipalities that stepped into the vacuum left by a chronic shortage of Reichsbank small-denomination notes — coins having largely vanished from circulation by 1917 as metal was diverted to the war effort.
The watermark is worth noting: most municipal Notgeld of this period was printed on plain stock, so its presence here suggests Krefeld drew on existing commercial paper supplies rather than commissioning purpose-made currency paper.