75 Pfennig Männer-Gesang-Verein

The Männer-Gesang-Verein Geldern — a male choral society — issued this note during the acute small-change shortage that gripped Germany in 1922, when municipal and private bodies across the country were legally permitted to produce their own emergency currency, known as Notgeld. That a singing club rather than a bank or municipality became an issuing authority says everything about how completely the Reichsbank had lost control of low-denomination circulation.

Heinrich Kersten's design work places this among the more considered pieces in the Geldern Notgeld output. The watermark security feature is notably uncommon for choral society issues of this type.