25 Pfennig Economics Series - C

Kahla was a Thuringian porcelain town, and its 1921 notgeld series was issued during the acute coin shortage that followed Germany's post-WWI economic dislocation — the federal mint simply could not produce small denominations fast enough to meet everyday demand. Hundreds of German municipalities filled the gap with their own emergency paper, most of it printed by a handful of commercial houses. J. P. Himmer in Augsburg was one of the more prolific of these contractors, handling municipal commissions from well outside Bavaria.

The two signatories — Dr. jur. Stekhon and C. Heißmann — represent the legal and administrative authorization typical of Thuringian municipal issues of this period. Kahla's series was denominated to cover small retail transactions at a moment when the inflation rate was already climbing toward what would become the catastrophic hyperinflation of 1923.