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75 Pfennig I. Iwersen

Issuer Firma J. Iwersen, Oldenburg in Holstein
Year 1921
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Value 75 Pfennigs (75 Pfennige) (0.75)
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Reverse description Blue-grey note centred on a large rectangular vignette executed in fine line engraving, portraying a traditional Holstein farmyard courtyard ('Alter Hof') with thatched half-timbered outbuildings receding into the background; the caption 'Alter Hof' appears within the vignette at lower centre. The heading 'Oldenburg in Holstein' occupies a white panel above the vignette, while the denomination 'Pfennig' is set in bold letterpress across the lower panel, flanked by mirrored '75' numerals in amber cartouches at each corner.
Reverse lettering Oldenburg in Holstein
Alter Hof
75 Pfennig 75
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Comments

Notgeld from the inflation spiral of 1921 came out of hundreds of small German firms and municipalities, but few were printed by their issuing town's own local press. This one was — C. Fränckel Nchfg. C. Will was an Oldenburg in Holstein print shop, not a specialist currency printer, and the design credit to Wilhelm Johannsen suggests a purely local commission rather than a borrowed stock plate.

Firma J. Iwersen was a private commercial enterprise issuing its own emergency fractional currency — a legal if chaotic feature of Weimar-era Germany, where the collapse of coin availability forced individual businesses to fill the gap themselves.

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