Waldenburg — now Wałbrzych — was a coal-mining town in Lower Silesia, and its municipal notgeld issues of 1920 reflect the acute small-change famine that followed Germany's postwar economic dislocation. Carl Flemming & T. C. Wiskott in Glogau was a well-regarded regional printer responsible for a significant share of Silesian emergency currency during this period. The watermark security feature is unusually conscientious for a municipal scrip of this denomination — most towns at this level simply didn't bother.
Waldenburg — now Wałbrzych — was a coal-mining town in Lower Silesia, and its municipal notgeld issues of 1920 reflect the acute small-change famine that followed Germany's postwar economic dislocation. Carl Flemming & T. C. Wiskott in Glogau was a well-regarded regional printer responsible for a significant share of Silesian emergency currency during this period. The watermark security feature is unusually conscientious for a municipal scrip of this denomination — most towns at this level simply didn't bother.