25 Pfennig

Norden is a small coastal town in East Frisia, and its decision to issue emergency currency in 1920 places this note squarely in the second wave of German Notgeld — after the wartime shortages but amid the administrative chaos that preceded hyperinflation proper. Municipal issuers at this level had almost no oversight; the Magistrat simply authorized what it needed, signed by whoever held office. Dr. Walther's single-signature authorization was common for smaller Frisian communes.

East Frisian Notgeld from this period is modestly collected regionally but rarely commands serious attention outside Germany.