25 Pfennig

Marlow is a small coastal town in Mecklenburg, and like hundreds of German municipalities in 1922, it issued emergency fractional currency — Kleingeldscheine — to compensate for the near-total disappearance of coin from circulation as hyperinflation accelerated. The Rat der Stadt Marlow had no printing facilities of its own; these notes were almost certainly produced by a regional commercial printer, as was common practice for small-town issues of this type.

Municipal 25 Pfennig notes from 1922 exist in enormous quantity across Germany, and collector interest in any specific example depends almost entirely on local subject matter and print quality rather than rarity.