Neckarsulm's 5 Mark Notgeld from 1918 is a municipal emergency issue, one of thousands of such notes produced by German towns during the acute small-change shortage that plagued the Reich in the final year of the First World War. The federal government's metal coinage had largely vanished from circulation — hoarded, melted, or consumed by wartime industrial demand — leaving local authorities to plug the gap with their own paper.
Three signatories authenticate this note, which is unusual for a town of Neckarsulm's modest size. The embossed seal substitutes for the printing security that a proper banking institution would have commanded.
Neckarsulm's 5 Mark Notgeld from 1918 is a municipal emergency issue, one of thousands of such notes produced by German towns during the acute small-change shortage that plagued the Reich in the final year of the First World War. The federal government's metal coinage had largely vanished from circulation — hoarded, melted, or consumed by wartime industrial demand — leaving local authorities to plug the gap with their own paper.
Three signatories authenticate this note, which is unusual for a town of Neckarsulm's modest size. The embossed seal substitutes for the printing security that a proper banking institution would have commanded.