25 Pfennig

Fürstenwalde's 1921 notgeld issue was one of thousands produced by German municipalities during the post-WWI inflationary period, when coin shortages forced local authorities to print their own small-denomination emergency money. J. A. Schwarz of Lindenberg im Allgäu was a prolific notgeld printer during this window — their output for dozens of small German towns was largely interchangeable in execution, which is worth knowing when assessing whether a given example has any collector premium beyond the issuer name itself.

Fürstenwalde, a town on the Spree east of Berlin, issued these partly for practical use, partly for the growing collector market that had already begun distorting notgeld production by 1921.