25 Pfennig

Neubrandenburg's 1921 Notgeld issue belongs to the second wave of German municipal emergency currency — by this point a largely administrative exercise, since the acute coin shortage that originally drove Notgeld production had technically eased, but hyperinflationary pressure was already building. Towns continued issuing partly out of financial necessity, partly because the collector market for pictorial Notgeld had become a modest revenue stream in itself.

Louis Koch of Halberstadt was a mid-tier regional printer active across several Saxony-Anhalt municipal issues during this period, not one of the major Notgeld houses like Giesecke & Devrient.