Lot of 2 1921 Pyritz Germany 75 Pfennig Notgeld - Bishop and Monk Note - 1921 German Emergency Seventy-Five Pfennig Notes

This listing is for the photographed 1921 Pyritz 75 Pfennig German Emergency Notgeld Lot of 2. Issued by the Municipality of Pyritz, Germany in the years following World War I. Includes two 75 pfennig notes issued on November 1st,1921. Both notes feature portraits of Bishop Otto von Bamburg and Monk Johann Knipstro on the obverse. Uncirculated (UNC) grade/condition, crisp notes! Excellent condition and an interesting piece of history!

Notgeld was a form of emergency currency that was issued by individual German municipalities or institutions immediately after the First World War when Germany was experiencing a severe economic depression. Most notgeld contained an expiry date, after which the note was deemed invalid. The issued notes of individual municipalities and institutions pulled power from the national Reichsbank and helped to counter currency shortages from the war. Printed using recycled materials, these notes became a popular collector's item because of their attractive colors and designs, leading to the overprinting of notes and eventually hyperinflation.

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Lot of 2 1921 Pyritz Germany 75 Pfennig Notgeld - Bishop and Monk Note - 1921 German Emergency Seventy-Five Pfennig Notes