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25 Pfennig

Issuer Stadt Greiz (City of Greiz, Thuringia)
Year 1921
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Reverse description The central field carries the municipal arms of Greiz rendered as a heraldic shield enclosing a stylised twin-towered church or castle gateway with a lion passant in an inset escutcheon above, all set against a teal and gold scrollwork guilloche underprint. 'Stadt Greiz' is inscribed in bold Gothic lettering across the upper banner, with denomination numeral '25' repeated in starburst roundels at each corner, flanked by calligraphic penwork ornaments on the lateral margins. A validity disclaimer in Gothic script along the lower panel reads 'Der Schein verliert seine Gültigkeit, wenn er nicht 1 Monat nach erfolgter öffentlicher Aufforderung in den hies. Tageblättern eingelöst wird', with the printer's imprint 'Otto Henning A.-G., Greiz.' in small type beneath.
Reverse lettering Stadt Greiz
25
Der Schein verliert seine Gültigkeit, wenn er nicht 1 Monat nach erfolgter öffentlicher Aufforderung in den hies. Tageblättern eingelöst wird
Otto Henning A.-G., Greiz.
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Comments

Greiz was the capital of the former principality of Reuss-Greiz, one of the smallest sovereign states in pre-unification Germany, and by 1921 the city was issuing its own notgeld simply to keep commerce moving — the Reichsbank's small-denomination coinage had essentially vanished from circulation, hoarded or melted in the inflationary spiral following the war. Thousands of German municipalities did the same, but Greiz had the advantage of a local printer in Otto Henning A.G., which kept production costs down and allowed for relatively quick issue and reissue.

The watermarked paper is worth noting — many municipal notgeld of this period used plain stock, so the security feature here suggests either surplus banknote paper or a deliberate attempt to discourage counterfeiting of even this humble denomination.

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