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20 Pfennigs - Muldenstein Papierfabrik G.M.B.H.

Issuer Papierfabrik Muldenstein G.m.b.H.
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Value 20 Pfennigs (20 Pfennige) (0.20)
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Obverse description Octagonal zinc notgeld token with an outer pearl border following the eight-sided periphery. An inner pearl circle frames the central field, within which the large numeral '20' denotes the denomination. The circular legend 'PAPIERFABRIK MULDENSTEIN G.M.B.H.' runs between the outer and inner pearl borders, identifying the issuing paper mill. The design is plain and functional, typical of German emergency coinage of the early 1920s.
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Obverse lettering PAPIERFABRIK MULDENSTEIN G.M.B.H. 20
Reverse description Octagonal reverse with an outer pearl border mirroring the obverse. An inner rope-twist circle encloses the central field bearing the large numeral '20'. The legend 'KLEINGELDERSATZMARKE' arcs across the upper portion between the rope circle and the outer pearl border, indicating the token's function as a small-change substitute. Three evenly spaced six-pointed stars appear in the lower portion of the field below the rope circle, serving as decorative separators.
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