75 Pfennig Schachklub Kahla - Issue 5

Kahla's chess club issued this 75 Pfennig note during the Notgeld wave of 1921, when hundreds of German municipalities, clubs, and private organizations printed small-denomination emergency currency to address the chronic coin shortage of the early Weimar period. A chess club issuing its own banknotes is an unusual enough circumstance — the issuer here was almost certainly exploiting collector demand rather than genuine liquidity need, a practice so widespread by 1921 that the Reichsbank eventually moved to suppress so-called "Serienscheine" flooding the philatelic market.

J. P. Himmer of Augsburg handled the printing, a firm with deep roots in commercial and ecclesiastical publishing since the mid-nineteenth century.