25 Pfennig

Katzhütte is a small industrial village in the Thuringian Schwarza valley, best known in the early twentieth century for its glassworks. This 25 Pfennig Notgeld was issued by the municipality in 1920 during the acute small-change shortage that followed Germany's wartime coin hoarding and post-armistice economic dislocation — a problem that forced thousands of German towns to print their own emergency fractional currency.

The single signature, Müller, almost certainly belongs to the Bürgermeister, though Katzhütte's municipal records from this period are not comprehensively catalogued and the individual remains unconfirmed.