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25 Pfennig

Issuer Magistrat Harzgerode
Year 1921
Type Local banknote
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Obverse description Central vignette in colour presents a neoclassical pavilion with columned portico set on a raised terrace with steps, surrounded by trees, flanked on either side by tall decorative stone gate pillars surmounted by urns rendered in dark green. The denomination numeral '25' appears in large red figures at lower left and lower right, with the word 'Gutschein' and a serial number in the centre lower portion. Two lines of German text above the serial number field record the validity clause and the issuing authority, with a manuscript signature of the Magistrat below.
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Reverse description The reverse is dominated by a colour landscape vignette giving a panoramic view of the Alexisbad spa settlement nestled in a wooded Harz valley, with red-roofed buildings, tree-lined paths and rolling green hills under a pale sky. A banner overlaid on the lower portion of the vignette carries the denomination '25 Pfennig'. Below the vignette, bold decorative lettering reads 'ALEXISBAD' followed by 'UM 1830', the entire composition enclosed within a multi-rule border with dark corner panels.
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Comments

Harzgerode is a small town in the Harz district of Saxony-Anhalt, and this note is a product of the German Notgeld wave of 1921 — a period when municipal and commercial issuers flooded the market with small-denomination emergency scrip to compensate for chronic coin shortages in the postwar economy. The Magistrat, as the town's governing body, had legal authority to issue such notes, though that authority was increasingly contested by the Reichsbank as inflation accelerated.

Louis Koch of Halberstadt was a regional printer active across the Harz area during the Notgeld period, producing issues for several nearby municipalities.

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