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| 正面描述 | Printed in reddish-brown on cream paper, the obverse bears a central vignette of the Alexisbad spa pavilion with a classical colonnaded facade, approached by a latticed bridge, set against a wooded landscape. Flanking the vignette on each side are tall pedestals surmounted by decorative urns. The denomination '25' appears in large numerals at lower left and right, with the word 'Gutschein' at centre below the vignette, above a printed serial number; the printer's imprint 'Louis Koch-Halberstadt' is visible at the base. |
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| 背面描述 | Printed in reddish-brown on cream paper, the reverse carries a panoramic landscape vignette of the Alexisbad spa resort as it appeared circa 1830, set within a ruled rectangular frame with a hatched border underprint. The denomination '25 Pfennig' is inscribed on a ribbon banner overlaid across the lower portion of the vignette, with the bold inscription 'ALEXISBAD UM 1830' across the lower margin. |
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Harzgerode is a small town in the Harz district of Saxony-Anhalt, and like hundreds of German municipalities in 1921, it issued its own emergency small-change notes — Kleingeldscheine — to fill the coin vacuum created by postwar metal shortages and rampant hoarding. Louis Koch of Halberstadt was a regional commercial printer who handled notgeld contracts for numerous towns across the area, which means the production quality here is competent but not exceptional.
The DeNG reference places this squarely within the first wave of municipal paper issues before hyperinflation made such denominations worthless within months.