25 Pfennig

Luckenwalde, a textile manufacturing town south of Berlin, issued this note during the acute small-change shortage that gripped Germany in the early 1920s — municipal and commercial authorities across the Reich were essentially forced into issuing their own fractional paper because the Reichsbank could not keep low-denomination coinage in circulation fast enough. The Magistrat series from this town is modestly documented but not widely collected, sitting in the mid-tier of Brandenburg Notgeld issues.

The DeNG reference places this as the first type in a short local series. Notgeld of this period was typically printed in small regional runs, often by local printers with no banknote experience, which accounts for the wide variation in paper quality and ink stability across surviving examples.