Lot of 2 1921 German Notgeld Emergency WW1 Collectible Vintage Bank Notes/Currency. 100 and 50 Pfenning. These are serial numbered notgeld, more desirable than those that are not. Size of largest is approx. 3-15/16" x 2-1/8". Almost uncirculated CRISP condition and great collectibles. You will get the exact notes in the photos.
The term Notgeld refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state-produced money is not available from the central bank. Most notably, notgeld generally refers to money produced in Germany and Austria during World War I and the Interbellum. Issuing institutions could be a town's savings banks, municipality and private or state-owned firms. Nearly all issues contained an expiry date, after which time they were invalid. Issues without dates ordinarily had an expiry announced in a newspaper or at the place of issuance. Notgeld was a mutually-accepted means of payment in a particular region or locality, but notes could travel widely.