25 Pfennig

Ergoldsbach is a small Bavarian market town southeast of Regensburg, and this 25 Pfennig Notgeld note is precisely the kind of municipal emergency scrip that proliferated across Germany in 1920 as postwar coin shortages reached their worst point. The issuing authority here is the Marktgemeinde itself — not a bank, not a chamber of commerce — which meant Bürgermeister Ortner's signature carried the full legal weight of local government behind what was essentially a handshake with the townspeople.

J. P. Himmer in Augsburg was a reliable regional printer for Bavarian Notgeld of this period, handling dozens of municipal contracts simultaneously.