1920 Nordseebad Borkum Germany 5, 10, 50 Pfennig Notgeld Set - Lighthouse Notgeld - 1920 German Emergency Currency Pfennig Note Set

This listing is for the photographed 1920 Nordseebad Borkum 5, 10, and 50 Pfennig German Emergency Notgeld Set of 3. Issued by the Municipality of Nordseebad Borkum, Germany in the years following World War I. Includes three notes that have varied denominations, making a set of three denominations used in this issue, each having a different color overprint design with the same print of a lighthouse displayed at the center. 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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1920 Nordseebad Borkum Germany 5, 10, 50 Pfennig Notgeld Set - Lighthouse Notgeld - 1920 German Emergency Currency Pfennig Note Set