25 Pfennig

Oebisfelde was a small market town in the Magdeburg district, and like hundreds of comparable municipalities in 1920, it issued its own Notgeld to combat the chronic small-change shortage that plagued Germany's post-war economy. The Neues Tageblatt — a local newspaper — served as printer, an arrangement common enough in provincial Notgeld but worth noting, since newspaper presses were rarely optimized for security printing.

The Grabowski reference O11.1d indicates a specific text or color variant within the Oebisfelde series, distinguishing it from closely related issues that can easily be conflated.