German Notgeld

Notgeld, meaning "emergency money" in German, is a fascinating and diverse category of currency that emerged in Germany and Austria primarily during and after World War I. During economic turmoil, particularly the hyperinflation of the early 1920s, regular Reichsbank money grew scarce or practically worthless. In response, towns, businesses, and even local institutions stepped up, issuing their own temporary currencies to keep trade alive. These have resulted in thousands of different issues, showcasing local culture, landmarks, and Cultural Heritage. Now over a 100 years old, these notes are popular with collectors for their numismatic value, and aesthetic beauty.