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25 Pfennig

Issuer Stadt Lobeda (City of Lobeda), Thuringia
Year 1921
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Currency Mark (1914-1924)
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Obverse description Central vignette in olive-green tones presents a woodcut-style view of the Rätschau, an old farmstead gateway in Lobeda, with a horse-drawn cart and figures passing beneath an arched tower flanked by thatched farm buildings and a mountainous background. Decorative scrollwork panels in dark ink border the left and right margins. The denomination '25 Pfennige' appears in a framed box at lower right, with the issuer inscription 'Notgeld der Stadt Lobeda' in Gothic blackletter script along the lower edge.
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Reverse lettering Lobedaer Herren waren groß und mächtig in der Gunst als auch in der Hand der Herren, Jena nannten sie ihre eigenen
25 Pfennig
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Comments

Lobeda was an independent municipality in Thuringia until its absorption into Jena in 1923 — this note was issued just two years before the city effectively ceased to exist as a separate administrative entity. The 1921 date places it squarely in the Serienschein phase of German Notgeld production, when inflation was accelerating but had not yet reached the catastrophic levels that would render small-denomination paper worthless within months.

Johannes Arndt's printworks in Jena produced Notgeld for several small Thuringian municipalities during this period, largely because geographic proximity kept costs manageable for towns with limited emergency budgets.

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