25 Pfennig

Kellenhusen is a small Baltic seaside resort on the Schleswig-Holstein coast, and this note is a product of the post-WWI Notgeld wave that swept German municipalities between 1919 and 1922. Resort towns like Kellenhusen issued these small-denomination emergency notes partly out of genuine small-change necessity and partly because the collector market for attractive Notgeld had become, by 1921, a revenue stream in its own right — towns printed more than they ever intended to circulate.

C. Fränckel Nchfg. C. Will in Oldenburg in Holstein was a regional printer that handled several local authority commissions in northern Germany during this period. Walter Siegmann's involvement as designer is noted in the DeNG reference, though his work across the series varies considerably in ambition.