GERMANY 25 PFENNIG

NOTGELD BANKNOTE

UNCIRCULATED

1921

RARE SERIENSCHEINE STYLE NOTGELD NOTE

ORSOY ISSUE

BEAUTIFUL OLD NOTE - MINATURE WORK OF ART

Notgeld (German for "emergency money" or "necessity money" ; "monnaie de nécessité" in French) is the name of money issued by an institution not authorized for money emission. This occurs usually when money is not available from the central bank. The best known emergency money emissions occurred in Germany and Austria around the end of the First World War, which is why the German term is used. Issuing institutions could be e.g. townsavings banks, municipalities, private and state-owned firms. It was therefore not legal tender, but rather a mutually-accepted means of payment in a particular locale or site. Notgeld is different from occupation money that is issued by an occupying army during a war.

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The descriptions and grades are statements of my good faith and described to the best of my knowledge. I guarantee all items are genuine. I shall not be bound by any prior or subsequent opinion, determination or certification by any independent grading service or others.

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