75 Pfennig

Neustadt in Holstein was among the hundreds of German municipalities that printed their own emergency currency — Notgeld — during the early 1920s as chronic coin shortages made small-denomination transactions nearly impossible. The 75 Pfennig value is one of the more unusual denominations to appear in these series; most issuers clustered around 25, 50, and 75 was often added specifically to make change for the 1 Mark note.

Neustadt's Notgeld issues from this period are classified as the "second series" collector-era emissions, meaning they were produced at least partly with the philatelic market in mind rather than pure necessity — a distinction that affects how historians treat circulation data for these notes.