25 Pfennig

Kindelbrück is a small market town in Thuringia, and like hundreds of similarly sized German municipalities, it issued emergency small-change notes — Kleingeldscheine — during the coin shortage that persisted well after the First World War. The Reichsbank's metal coinage had been largely pulled from circulation during the war years, and by 1920 local authorities across Germany were still printing their own fractional denominations to keep commerce moving at the market and shop level.

The watermarked paper on a note of this denomination and origin is worth noting — many comparable municipal issues from towns this size used plain stock.