25 Pfennig

Kahla is a small Saale valley town in Thuringia best known for its porcelain industry, and like hundreds of German municipalities in 1921, it issued Notgeld not out of genuine monetary crisis but because the notes had become collector items. The Reichsbank's coin shortage of 1919–1920 had created the initial practical need, but by 1921 most Kleingeldersatz issues were produced specifically for the philatelic and notgeld collector market — towns profited directly from notes that would never return for redemption.

E. Nister of Nuremberg was a well-regarded commercial printer with a background in chromolithographic children's publishing, which shows in the quality of color work typical of their notgeld commissions.