25 Pfennig

Garstedt was a small rural municipality in Holstein that, like thousands of German communities in the early 1920s, was forced to produce its own small-denomination emergency currency as coins disappeared from circulation entirely. The chronic postwar shortage of Reichsmünzen meant even villages with no banking infrastructure had to commission local printers — Konrad Hanf in Hamburg being a relatively modest commercial printer pressed into notgeld production alongside dozens of similar regional jobs during this period.

The 1921 date places this firmly in the middle phase of German notgeld, after the collector-driven "serienscheine" boom had taken hold, raising the question of whether Garstedt's issue was genuine circulating necessity or partly intended for the philatelic trade.