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75 Pfennig I. Iwersen

Issuer Firma J. Iwersen, Oldenburg in Holstein
Year 1921
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Size 91 × 57 mm
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Obverse lettering Notwechselgeld der Firma J. Iwersen Oldenburg i. H.
De Bur givt den' Kopmann sin Botter un Eier, Kriegt Koffee un Zucker von'n Tüten dreiher, So helpt de en den'annern ut de Not Un beide staht sick dorbi ganz good.
Dieser Schein wird von der Firma J. Iwersen Oldenburg in Holstein bis zum 31. Dezember 1921 eingelöst.
Druck: C. Fränckel Nchfg., C. Will, Oldenburg i/Holstein
Wilhelm Johannsen
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.
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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.