25 Pfennig

Hagenow's 25 Pfennig notgeld belongs to the vast wave of municipal emergency money issued across Germany between 1916 and the early 1920s, when coin shortages — driven first by wartime metal requisitioning, then by postwar economic chaos — forced thousands of towns to print their own fractional currency. Hagenow, a small market town in Mecklenburg, was among the more modest issuers, producing pieces with limited regional distribution that rarely traveled far beyond local commerce.

Collector demand for Mecklenburg notgeld has historically been thin compared to the heavily thematized issues from larger municipalities, which keeps examples from Hagenow underrepresented in major holdings.