25 Pfennigs

Moosburg an der Isar was among hundreds of small Bavarian municipalities forced into emergency currency production during the early 1920s as chronic coin shortages — exacerbated by postwar metal requisitioning and rampant hoarding — left local commerce effectively paralyzed. These Notgeld issues were a municipal fix to a national failure, authorized locally and spent locally, rarely traveling far from the town that printed them.

Pichlmayr was a Moosburg printer, not a specialist currency house, which is exactly the point — this note was made with whatever the town had available. The Ballmayer design and Gerlspeck signature are purely local details, untraceable through any major registry.