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25 Pfennig

Issuer Magistrat der Stadt Belgern
Year 1921
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Value 25 Pfennigs (25 Pfennige) (0.25)
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Obverse lettering Rolandstadt Belgern a.E. 25 Die Gültigkeit erlischt 3 Monate nach öffentlichem Aufruf Belgern d. 1. Nov. 1921. Der Magistrat: Lederbogen Fünfund- zwanzig LOUIS KOCH - HALBERSTADT.
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Signature(s) Lederbogen
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Comments

Belgern is a small town on the Elbe in Saxony, and like hundreds of similarly sized German municipalities in 1921, it issued its own emergency fractional currency — Kleingeldscheine — to compensate for the chronic shortage of low-denomination coins that had plagued Germany since the war. Louis Koch in Halberstadt was a regional commercial printer who handled notgeld contracts for numerous small issuers across central Germany; his output was functional rather than artistic.

The single signatory, Lederbogen, was almost certainly a municipal treasurer or Bürgermeister-level official. Belgern's issues are modestly collected today, absorbed into the enormous notgeld cataloguing project rather than singled out for particular attention.

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