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5 Pfennig
| Issuer | Stadt Gifhorn (City of Gifhorn) |
|---|---|
| Year | 1921 |
| Type | Local banknote |
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| Obverse description | The reverse carries a central oval vignette, framed by a decorative floral guilloche border, showing a fisherman seated on a riverbank, pipe in hand, with moneybags at his feet and a fish visible in the background. The denomination numeral '5' appears in circular underprint cartouches at left and right, with 'PFENNIG' lettered above each. Corner panels in the salmon-pink ground bear the issuer name 'GIFHORN STADT' at upper left and 'NOTGELD 1921' at upper right. |
|---|---|
| Obverse lettering | GIFHORN STADT NOTGELD 1921 PFENNIG 5 WAS DU ERERBT VON DEINEN VÄTERN HAST, ERWIRB ES UM ES ZU BESITZEN (Translation: What you have inherited from your fathers, acquire it to own it) |
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| Comments |
Gifhorn's 1921 Kleingeldscheine were a direct response to the acute small-denomination coin shortage gripping Germany as postwar inflation accelerated. Municipal authorities across Lower Saxony — Gifhorn among hundreds — were legally permitted to issue emergency currency to keep local commerce moving when the Reichsbank could not supply enough coin. Appelhans in Braunschweig was a regional workhorse printer for exactly this kind of civic notgeld, turning around small runs quickly and cheaply for dozens of nearby towns.
The series was intended for short-term use and redemption, which is precisely why so many survived uncirculated in collector sets sold locally at the time of issue.