75 Pfennig Männer-Gesang-Verein

Männer-Gesang-Verein Geldern — a men's choral society — issued this 75 Pfennig note during the acute small-change shortage that gripped Germany's towns in the early 1920s. Municipalities, clubs, merchants, and civic associations all stepped in as quasi-issuers of Kleingeldersatz, and choral societies were among the more unusual entrants. The Geldern example is notable for carrying a watermark, a security measure that most private Notgeld issuers skipped entirely as an unnecessary expense.

Collector interest in this type runs high precisely because of the issuer's improbable nature.