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5 Pfennig

Issuer Neuhaldensleben, City of
Year 1919
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Value 5 Pfennigs (5 Pfennige) (0.05)
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Obverse description The left panel carries a vignette of an equestrian statue on a tall stone pedestal, rendered in brown and black letterpress. To the right, Gothic-script text appears above a bold central denomination cartouche: a diamond-shaped black field set within scrolling grey arabesques, bearing the numeral '5' in large red figures flanked by the abbreviations 'Pfg.' on either side. A red and black wave-pattern border frames the entire note, with a light blue guilloche underprint visible throughout the right field.
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Reverse description Printed entirely in orange on cream paper, the reverse carries a fine guilloche wave underprint across the entire field, with a large ghost numeral '5' and the text 'PFENNIG' rendered as a pale orange watermark-style underprint at centre. The four corners each bear a numeral '5' in white on an orange square with spiral ornaments. A sequential serial number is printed vertically in black at the left margin, and the body of the note lists in two columns the names of the participating local merchant firms that guaranteed redemption, surmounted by the place and date of issue.
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Comments

Neuhaldensleben was a mid-sized market town in the Prussian province of Saxony, and like hundreds of German municipalities in early 1919, it printed its own fractional Notgeld to compensate for the near-total disappearance of small coinage from circulation. The wartime hoarding of copper and nickel coins, combined with postwar economic instability, created genuine transactional gridlock at the street level — bread, tram fares, market stalls. Municipal issues like this 5 Pfennig note were a practical fix, not a speculative gesture.

The Va# reference places this within the Grabowski-Mehl Notgeld catalogue's regional classification for Saxony. Neuhaldensleben issued multiple denominations in this period; this is the second listed variety for the 15th issue type.

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