5 Pfennig

Auma is a small town in the Greiz district of Thuringia, and this 5 Pfennig note is a product of the notgeld wave that swept German municipalities in 1920 when chronic small-coin shortages — caused partly by metal hoarding and partly by wartime disruption to the Reichsbank's distribution network — forced local governments to print their own emergency fractional currency. Stadtgemeinde issues at this denomination are among the most ephemeral artifacts of that period: low face value, high print runs, and near-zero incentive for recipients to redeem them once the crisis passed.

The microtext underprint is an unusual security measure for a municipal issue of this size and denomination — most comparable notgeld relied on paper color or simple serial numbering rather than fine-print screening.