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75 Pfennig

Issuer Magistrat der Stadt Elmshorn
Year 1921
Type Standard circulation banknote
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Reverse description Woodcut-style vignette in black, orange, and yellow showing a heap of banknotes with two large fish intertwined among them, evoking wartime currency inflation. The denomination '75 Pf' appears in orange gothic numerals at upper left and upper right. A Low German dialect verse in four lines runs across the lower portion within a banner.
Reverse lettering 75 Pf
De leege Krieg hett bannig uns im Druck, hett Gold und Silver freten–
Doch Druck veroorsakt Gegendruck. Een mutt sik so helpen weten,
So good as'n kann: – Wi druck't dargegen an!
0.5
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Comments

Elmshorn's 75 Pfennig Notgeld from 1921 sits in an interesting gap: by that point, the Reichsbank had theoretically stabilized small-denomination coin circulation enough that municipal emergency money was supposed to be winding down. Elmshorn issued anyway, as did hundreds of other German municipalities that year, partly from genuine small-change shortages and partly because the collector market had made Notgeld printing briefly profitable for local governments.

H. W. Köbner & Co. in Altona — close enough to Elmshorn that the logistics were straightforward — handled a significant volume of northern German Notgeld during this period.

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