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25 Pfennig
| Issuer | Stadt Zahna (City of Zahna) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | STADT ZAHNA GUT FÜR PFENNIG 25 PFENNIG ZAHNA den 1. Juni 1920 Der Magistrat / Der Magistrat Bürgermeister / Beigeordneter Dieser Gutschein ist nur bei der Kämmereikasse Zahna einzulösen; er wird ungültig, wenn dies nicht spätestens 3 Monate nach unserer öffentlichen Aufforderung geschieht. |
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| Reverse lettering | STADT ZAHNA GUT FÜR PFENNIG 25 PFENNIG ZAHNA den 1. Juni 1920 Der Magistrat / Der Magistrat Bürgermeister / Beigeordneter Dieser Gutschein ist nur bei der Kämmereikasse Zahna einzulösen; er wird ungültig, wenn dies nicht spätestens 3 Monate nach unserer öffentlichen Aufforderung geschieht. |
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| Comments |
Zahna is a small town in the Wittenberg district of Saxony-Anhalt, and like hundreds of German municipalities in 1920, it issued emergency paper currency — Notgeld — to compensate for the chronic shortage of small-denomination coins that plagued Germany throughout the early Weimar period. The Reichsbank simply could not keep up with demand for fractional coinage as inflation eroded purchasing power and hoarding accelerated.
Curt Ziehlke of Lieberwerda was a regional commercial printer who produced Notgeld for multiple small municipalities in this part of Germany, which accounts for the family resemblance many collectors notice across issues from nearby towns of the same period.