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25 Pfennig

Issuer Stadt Roda (Stadtrat), Roda in Altenburg, Thuringia
Year 1920
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Obverse description The left panel carries a bold Fraktur denomination '25 Pfg.' in white on a dark brown guilloché underprint ground. The right panel presents a line-engraved vignette of the Roda town hall with its distinctive baroque steeple, above which the town name 'Roda S.-A.' appears in Gothic lettering. A brown-framed numeral '25' occupies the lower right corner, while the lower portion bears a validity clause and date inscription in Fraktur script, countersigned by the Stadtrat.
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Reverse description The left panel repeats the bold Fraktur '25 PFg.' in white on a matching dark brown guilloché field. The right panel carries a line-engraved vignette of a goat's head peering through a wooden gate or fence, rendered in a rustic illustrative style; in the upper right corner, a circular municipal arms vignette shows a stylised twin-towered castle. The issuing authority inscription in Fraktur occupies the upper centre of the right panel.
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Roda — now Rodewisch, but in 1920 still the small Thuringian town of Roda in Altenburg — issued this 25 Pfennig Notgeld as a direct consequence of the nationwide small-change famine that followed the First World War. Hoarding of metal coinage and the Reichsbank's inability to supply adequate fractional currency pushed thousands of German municipalities to print their own emergency paper. The Stadtrat here was one of hundreds of local councils exercising that improvised authority in 1920, the peak year for such issues.

Paper Notgeld of this type was printed in enormous quantities and largely redeemed and destroyed within months of issue, which paradoxically makes genuinely circulated examples harder to find than uncirculated ones pulled from collectors' series sold directly to the philatelic trade — a practice already common by 1920.

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