This listing is for the photographed 1918 25 Pfennig German Emergency banknote. Issued by the city of Hammelburg, Germany in the immediate years following World War I. Beautiful and crisp note with bright colors. 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.
This note is 106 years old this year!
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1918 25 Pfennig Hammelburg Emergency Note - German Notgeld - Post-WWI German Inflation Note - 1918 Hammelburg Twenty Five Pfennig Note