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5 Pfennig Federal Treasury Note

Issuer Federal Republic of Germany
Year 1967
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Value 5 Pfennigs (5 Pfennige) (0.05 DEM)
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Obverse description The face of this small-format treasury note is dominated by a dense guilloche underprint in olive-green, within which a large bold numeral '5' is centrally set. The legend 'BUNDESKASSENSCHEIN' runs along the upper border and 'BUNDESREPUBLIK DEUTSCHLAND' along the lower border, both in letterpress. Two oval vignettes flanking the central numeral each bear the abbreviation 'PF', with the words 'FÜNF PFENNIG' overprinted in dark ink across the centre of the note.
Obverse lettering BUNDESKASSENSCHEIN FÜNF PFENNIG BUNDESREPUBLIK DEUTSCHLAND
(Translation: Federal Treasury Note Five Pfennig Federal Republic of Germany.)
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Comments

West Germany's small-denomination treasury notes — the 5 and 10 Pfennig pieces — are a genuine oddity in postwar European currency. By 1967 most industrialized nations had long abandoned paper for coins at this value level, but chronic shortages of small coinage in the Federal Republic kept these fractional notes in active use well into the late 1960s. The Bundesdruckerei produced them under strict federal contract, the same facility handling the full Deutsche Mark banknote series simultaneously.

Withdrawn and demonetized in 1975, surviving uncirculated examples are harder to find than the low face value implies — most were simply spent, lost, or discarded.

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