75 Pfennig

Leopoldshall was a small industrial town in Saxony-Anhalt, closely tied to the potash mining industry that dominated the region in the early twentieth century. By 1921, the post-WWI inflation crisis had made small-change coinage effectively vanish from circulation — municipal and commercial issuers across Germany filled the gap with Notgeld, and Leopoldshall was among hundreds of such bodies issuing their own emergency fractional notes that year.

Louis Koch in Halberstadt was a regional printer responsible for a number of Notgeld series across central Germany, not one of the major specialist houses. The three-variant structure indicated by the reference suffix suggests the series was issued across at least three design or date states.