75 Pfennig

Ansbach's 75 Pfennig notgeld of 1921 falls squarely within the second wave of German municipal emergency currency — no longer the wartime necessity of 1914–18, but the inflationary stop-gap of a Weimar economy hemorrhaging purchasing power faster than the Reichsbank could respond. City councils across Bavaria issued their own fractional notes during this period because small-denomination coinage had effectively vanished from circulation, hoarded or melted before it could change hands.

Willy Black's design credit is unusual — most notgeld at this scale was produced anonymously or farmed out to commercial printers who supplied stock artwork. A named local designer suggests the Stadtrat took some civic pride in the commission.