25 Pfennig

Neuhaus am Rennweg is a small glassmaking town in the Thuringian Forest, and like hundreds of German municipalities it resorted to Notgeld during the postwar currency chaos of 1918–1921 when small-denomination Reichsmark coinage simply vanished from circulation, hoarded or melted. These municipal issues were printed by local and regional firms under no central oversight — Holzhey in Leipzig was one of dozens of such printers fulfilling bulk orders from town councils scrambling to keep change flowing.

Notgeld from minor Thuringian communes was overproduced almost immediately by speculators and collectors, meaning a significant portion never saw a shop counter.