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| 正面描述 | The obverse is printed in orange and black on white paper, with horizontal purple border bands at top and bottom. An ornate all-over underprint of stylised floral and scroll motifs in orange fills the field. At centre, a large black oval cartouche carries the denomination numeral '25' within an inner circle, surrounded by the circular legend 'FÜNFUNDZWANZIG PF' and the issuer name 'STADT CREFELD' at the base. The date 'CREFELD, DEN 24. Februar 1921' appears to the left, while the facsimile signature of the Oberbürgermeister, attributed to 'Dr. Johansen', appears to the right. A three-line redemption clause is set in Gothic script along the lower margin. |
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| 正面铭文 | Gutschein über FÜNFUNDZWANZIG PF 25 STADT CREFELD CREFELD, DEN 24. Februar 1921 Der Oberbürgermeister Dr. Johansen Dieser Gutschein wird von allen städt. Kassen in Zahlung genommen. Er hat Gültigkeit bis 3 Monate nach dem öffentlich bekanntzumachenden Einlösungstermin, spätestens bis 31. März 1923. |
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Crefeld — now spelled Krefeld — was one of the Rhineland's major textile centers, and its municipal government issued notgeld during the early 1920s inflationary period when small-denomination Reichsmark coinage had effectively disappeared from circulation. The city's Oberbürgermeister, Dr. Johansen, signed this issue in his official capacity, giving it legal standing as emergency municipal currency rather than the decorative collector notgeld being produced speculatively elsewhere at the same time.
The distinction matters. By 1921, German municipalities were increasingly aware that collectors were hoarding notgeld rather than spending it, and some issuers were printing specifically to exploit that market. A plain signed municipal issue from a major industrial city like Crefeld sits closer to the functional end of that spectrum.