75 Pfennig

Hainholz was a small community in the Amtsbezirk Nordende in Schleswig-Holstein, and like thousands of German municipalities in the early 1920s, it issued its own emergency currency — Notgeld — to compensate for a catastrophic shortage of small change as postwar inflation accelerated and official coin production failed to keep pace with demand. The printer, Konrad Hanf of Hamburg, produced Notgeld for numerous northern German municipalities during this period, operating essentially as a local job printer pressed into a quasi-monetary role.

Municipal Notgeld of this type was generally redeemable only within the issuing community, giving it an extremely limited circulation radius and ensuring most examples returned quickly for redemption — which is precisely why survivors in any condition are scarcer than print runs might suggest.