25 Pfennig

发行方	Volkstedt (Thuringia), Municipality of
年份	1921
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面值	登录以查看详情
货币	Mark (1914-1924)
材质	登录以查看详情
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印刷机构	登录以查看详情
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正面描述	登录以查看详情
正面铭文	Ausgegeben 1.9.1921. Der Gem.-Vorst. 25 Pf. Gültig bis auf Widerruf durch ortsübliche Bekanntmachung A. STORCH
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防伪类型	登录以查看详情
防伪描述	No watermark
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备注	Volkstedt is a small porcelain-manufacturing town in Thuringia, better known for its eighteenth-century hard-paste porcelain works than for any monetary history. This note belongs to the vast wave of German municipal Notgeld issued in the early 1920s as chronic small-change shortages forced local authorities to print their own fractional currency — the Reichsbank simply could not keep low-denomination coin in circulation fast enough to meet demand. The watermarked paper is worth noting: many comparable small-municipality issues of this period used plain stock, making the security feature here slightly above the norm for Kleingeldscheine of this value.

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