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5 Pfennig
| Issuer | Waldenburg (Lower Silesia), City of |
|---|---|
| Year | 1921 |
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| Composition | Paper |
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| Obverse description | Red and white letterpress design on a plain red field, centered on a large numeral '5' rendered in bold white typeface. Two curved ribbon banners frame the numeral above and below, bearing the inscription '5 NOTPFENNIGE' at the top and 'WALDENBURG IN SCHLESIEN' at the foot, all in white lettering against the red ground. |
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| Protection type | Watermark |
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| Comments |
Waldenburg — now Wałbrzych in southwestern Poland — was a coal-mining center whose municipality, like hundreds of German towns in 1921, printed its own small-denomination Notgeld to compensate for the chronic shortage of Reich coinage during the postwar inflation spiral. The watermarked paper on a note this small is worth noting: most municipal issues at this denomination skipped security features entirely, treating the pieces as purely temporary tokens.