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20 Pfennig

Issuer Stadt Neustadt in Holstein (City of Neustadt in Holstein)
Year 1920
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Size 90 × 69 mm
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Obverse lettering ANWEISUNG
DER STADT NEUSTADT i/HOLSTEIN
FÜR
ZWANZIG PFENNIG
DIE PLATZANWEISUNG VERLIERT IHRE GÜLTIGKEIT WENN SIE NICHT INNERHALB EINES MONATS NACH ERFOLGTER ÖFFENTLICHER
AUFFORDERUNG DES MAGISTRATS ZUR EINLÖSUNG IN DER STADTKASSE ZU NEUSTADT i/HOLST. WIEDER EINGETAUSCHT WIRD
BÜRGERMEISTER
STADTVERORONETENVORSTEHER
Reverse description Orange and dark blue note with a wide guilloche border. The central vignette, set against a pale sky-blue underprint, presents a detailed intaglio view of the historic Neustadt church tower with arched windows, rounded apse openings, and an ornate portal at ground level. Flanking the tower on either side are two pointed lozenge-shaped cartouches carrying patriotic German verse in gothic script. A serial number in bold upright numerals is printed in the lower right corner, and the printer's imprint 'GEBR. PARCUS. MÜNCHEN.' appears at the foot of the sheet.
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Comments

Neustadt in Holstein's 1920 Notgeld issue was printed by Gebrüder Parcus of Munich, one of the most prolific emergency currency printers in Weimar-era Germany. Parcus handled commissions from dozens of municipalities during the 1919–1922 Notgeld boom, when the postwar coin shortage forced local authorities to produce their own small-denomination scrip. The firm's output was technically consistent if commercially driven — many towns used Parcus precisely because they could deliver quickly and at volume.

Small-denomination municipal Notgeld of this type was frequently collected rather than spent, a habit that ironically improved survival rates but complicates any assessment of genuine circulation wear.

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