25 Pfennig

Buttstädt is a small market town in Thuringia with a population that barely exceeded two thousand in the early 1920s — which makes its participation in the Notgeld phenomenon entirely typical of the period, when even the smallest German municipalities were authorized to issue emergency fractional currency to compensate for the chronic coin shortage following the First World War. Aug. Heinecke of Rudolstadt was a regional printer who handled Notgeld commissions for numerous Thuringian communities during this window, which means the production quality here is competent but not distinguished.

The 1921 dating places this firmly in the second, more inflationary wave of Notgeld issues, after the purely utilitarian 1918–1919 municipal pieces and before the hyperinflationary collapse rendered small-denomination paper worthless by late 1923.