20 Mark Kreis Segeberg

Kreisausschuss Segeberg issued this note in 1918 under the emergency currency provisions that allowed German district authorities to print Notgeld when Reichsbank notes became scarce during the final year of the war. Segeberg, a small administrative district in Schleswig-Holstein, was among hundreds of rural Kreise that turned to local printers — in this case C. H. Wäsers Druckerei, operating within the district itself — rather than contracting with larger printing houses in Hamburg or Berlin.

Local production kept costs down but also kept quality variable. Wäser's output for Segeberg is generally considered modest in execution relative to the more elaborately designed Notgeld that flooded the market in 1921–22.