5 Pfennig

Netzschkau is a small textile town in the Vogtland region of Saxony, and like hundreds of similarly sized German municipalities, it issued its own emergency paper money — Notgeld — during the acute coin shortage that gripped Germany from roughly 1916 onward. The Stadtgemeinde series was a purely local stopgap, redeemable only within the issuing community and typically printed in small runs by regional printers with whatever materials were available.

The single signatory, Hienemann, almost certainly served as Bürgermeister or a designated municipal treasurer. No major catalog assigns this piece a prominent rarity rating, but Netzschkau Notgeld in any denomination sees thin trading volume — small-town Vogtland issues were never systematically collected the way the decorative 1921 inflation Notgeld was.