75 Pfennig

Ansbach's 1921 Notgeld issue belongs to the second and more self-conscious wave of German emergency currency, when municipalities had largely stopped treating small-denomination scrip as a stopgap and started commissioning it as a revenue stream. Collectors were buying series outright, never intending to spend them, and city councils knew it. Willy Flach's involvement suggests a locally sourced design rather than one farmed out to the large commercial printers — Leipzig, Berlin, or Bielefeld houses — who supplied generic layouts to hundreds of smaller towns simultaneously.

The 75-Pfennig denomination itself is a tell: it has no obvious commercial utility and exists almost entirely because Notgeld issuers were padding denominations to lengthen sets.