5 Pfennig

Pasing was an independent Bavarian town until its annexation into Munich in 1938. This miniature notgeld piece dates from the post-WWI emergency currency wave that swept German municipalities between 1916 and 1922, when chronic coin shortages forced even small towns to print their own low-denomination scrip. At 28 × 23 mm, it is among the smallest format notes produced during that period — a practical response to the fact that these were essentially substitutes for coins, not banknotes.

Pasing's issues are relatively obscure within the notgeld collecting field, lacking the elaborate pictorial designs that towns like Bielefeld or Meissen used to attract speculative collectors. The paper is thin and fragile by design, never intended to outlast the crisis.