1922 Holzminden Germany 25, 50, 75 Pfennig Notgeld Set - Complete Denomination Set - 1922 German Emergency Currency Pfennig Note Set

This listing is for the photographed 1922 Holzminden 25, 50, and 75 Pfennig German Emergency Notgeld Set of 3. Issued by the Municipality of Holzminden, Germany in the years following World War I. Includes three notes that have varied denominations, making a complete set of the three denominations used in this issue. 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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1922 Holzminden Germany 25, 50, 75 Pfennig Notgeld Set - Complete Denomination Set - 1922 German Emergency Currency Pfennig Note Set