25 Pfennig

Magdeburg's municipal Notgeld series of 1920 was issued under the same bureaucratic pressure that drove dozens of German cities to print their own emergency fractional notes — the Reichsbank simply could not supply enough small-denomination coinage to meet postwar demand. The Stadt Magdeburg issues are reasonably common survivors, having been printed in large quantities to cover everyday commercial transactions at a moment when metal was either hoarded or repurposed.

Collectors should note that several Magdeburg Notgeld pieces from this period were also produced in souvenir editions intended for the collector trade rather than genuine circulation — distinguishing the two requires attention to paper quality and cancellation marks.