25 Pfennig

Jeßnitz is a small town on the Mulde river in Anhalt, and like hundreds of comparable municipalities it issued emergency small change — Kleingeldscheine — during the acute coin shortage that followed World War I. The Naumann firm in Leipzig was among the most active commercial printers supplying this trade, producing Notgeld for dozens of Saxon and Thuringian localities, often with short lead times and minimal customization between clients.

The 1921 date places this note in the later wave of municipal issues, after the initial 1918–1920 rush had already peaked and collectors had begun deliberately hoarding attractive examples — a dynamic that distorted circulation figures and encouraged some towns to print far beyond genuine monetary need.