25 Pfennig

Cochem's 1921 Notgeld series was part of the broader municipal emergency currency wave that followed Germany's postwar coin shortage — by 1921, small-denomination metal coinage had all but vanished from everyday circulation, hoarded for its material value as inflation began accelerating. District administrations like Cochem were legally permitted to fill the gap with locally issued paper.

Carl Schleicher & Schüll in Düren was primarily a filter paper manufacturer, not a security printer — their involvement in Notgeld production reflects just how far demand outpaced the capacity of conventional banknote printers during this period.