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25 Pfennig

Issuer Stadt Wittenberg (City of Wittenberg)
Year 1922
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Composition Paper
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Obverse description The note is divided into two panels against a mustard-yellow ground with a dashed border. The left panel carries an oval engraved vignette of Martin Luther in three-quarter bust, rendered in a woodcut style, dated '1520' at the top of the oval, with the facsimile signature 'Mart. Luther' below. The right panel bears the title legend in bold Gothic blackletter script, a serial number in green, the validity date, and the magistrate's manuscript signature, with the designer's initials 'BHD' in the upper-right corner.
Obverse lettering GUTSCHEIN DER STADT WITTENBERG M Gültig bis 5.März 1922 Der Magistrat
(Translation: VOUCHER FROM THE CITY OF WITTENBERG M Valid until March 5, 1922 The magistrate)
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Comments

Wittenberg's 1922 Notgeld issue belongs to the wave of municipal emergency money that flooded Germany as hyperinflation made official Reichsbank coinage impractical to produce and hoard. Cities, towns, merchants' associations, and even individual businesses were legally permitted to issue their own fractional notes — the resulting explosion of local designs made Notgeld simultaneously a circulating necessity and a deliberate collector's market, with many municipalities printing series in excess of actual monetary need purely for philatelic sale.

The designer credit "Christophe" on the reverse is unusual enough to be worth noting — French-named contributors to German provincial Notgeld are uncommon and may indicate a borrowed or licensed design element rather than a direct commission.

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