25 Pfennig

Ansbach's 25 Pfennig notgeld from 1921 sits in the later wave of municipal emergency currency, issued well after the acute wartime coin shortage that originally justified such notes. By 1921 the practical necessity had largely passed, but many German city councils continued issuing — and in some cases deliberately beautifying — their notgeld, aware that collectors were absorbing them before they ever reached a cash drawer. Whether Ansbach's issue circulated meaningfully or was printed with one eye on the philatelic market is a fair question.

Willy Flach is a locally documented designer associated with Ansbach's civic printing work in this period, which at least confirms the design wasn't simply bought from a generic stock template — a common shortcut among smaller municipalities.