Collection of Approximately 300 German and Austrian Notgeld, circa 1920
Approximately 300 pieces of German and Austrian notgeld paper currency, in various sizes and denominations, many printed in bold colors and with interesting and eye-catching graphics. Held in a large quarto Lieban-style album designed for notgeld or currency. Some with creases, small tears, appropriate age-darkening; most very fine. Germany (various towns), circa 1920. Notgeld, German for "emergency money," were produced in Austria and Germany during World War I and the immediate years following, when state-produced money was insufficient and institutions started to hoard coins due to inflation. The war effort also created a shortage in metal supplies needed for minting coins, which was remedied by issuing banknotes in small denominations from individual towns or banks. Many sets are extremely colorful, with printed geometric borders or whimsical illustrations that depict folktales, landscapes, and local landmarks. Due to their bright and fanciful nature, notgeld started to be collected as early as 1922. (Inventory #: 48397)
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