3 Pfennig

Mühldorf am Inn, a small Bavarian market town on the Inn River, issued Notgeld in small Pfennig denominations during the acute coin shortage that gripped Germany from 1917 onward. Municipal councils across Bavaria scrambled to produce emergency fractional currency when copper and nickel disappeared into the war economy — the Stadtrat here was doing exactly what dozens of comparable towns were doing simultaneously, with whatever printing resources were locally available.

The Grabowski reference M50.1c places this within a documented series, though low-denomination paper Pfennig notes from small issuers were discarded rather than saved, which accounts for their relative scarcity despite large original print runs.