20 Pfennigs

Königshofen im Grabfeld is a small Franconian market town on what was then the Bavarian-Thuringian border. This note belongs to the enormous wave of municipal Kleingeldersatz — small-change substitute — issued across Germany in 1919, when chronic coin shortages persisted well past the armistice. The Stadtverwaltung, the municipal administration itself rather than a savings bank or merchant association, took direct responsibility for issue, which was common in smaller communities without a local financial institution willing to act as guarantor.

The square format at 52 × 52 mm is notably uncommon for Notgeld of this period, most of which ran rectangular.