GERMANY Notgeld 1922 1 Mark Schleswig of the North – Augustenburg Unc

Notgeld from 1 Mark of Germany year 1920, Gutschein (Good), Federal State of “North Schleswig (Denmark)”, municipality of “Augustenburg”.

Notgeld banknotes

Notgeld in German means "emergency" or "necessity" money and is used in numismatics to indicate issues that match these characteristics.
Notgeld's first major issue began with the outbreak of World War I. Due to the inflation caused at the costs of the war, the value of the materials with which the coins were produced became greater than their nominal value. Many institutions began to hoard the coins. In addition, the metal used for minting became necessary for the production of war supplies. This caused an extreme shortage of monetary metal, which was remedied by issuing small bills