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25 Pfennig

Issuer Stadtrat Gera (Thuringia), City of
Year 1921
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Value 25 Pfennigs (25 Pfennige) (0.25)
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Obverse lettering GERA-REUSS
WIRD VON ALLEN STÄDT-KASSEN IN ZAHLUNG GENOMMEN
DER SCHEIN VERLIERT SEINE GÜLTIGKEIT AM 1. APRIL 1922
25 PF
GERA AM 1.5.1921
DER STADTRAT:
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Protection type Watermark
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Comments

Gera's 1921 Notgeld issue was part of the vast municipal emergency currency wave that swept Thuringia and the rest of Germany as the Reichsbank struggled to keep small-denomination coinage in circulation during the postwar inflation spiral. The Stadtrat issued these notes as a localized stopgap — legally tolerated, practically necessary, and almost universally collected rather than spent, which is precisely why so many survive in high grade today.

The watermark is worth noting: relatively few Thuringian municipal issues at this denomination bothered with it, making the DeNG 1/2#0420.1-1/4 reference series distinguishable from the mass of plainer contemporaries.

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