This is actually a medal, not Notgeld. Notgeld from Löbau came in banknotes of 5, 10, 25 and 50 Pfennig, for what I know. It is porcelain and commemorates that Löbau had been given city status 700 years earlier. Your variant seems to be colored with some gold paint, which is one of the variants. There are a few more: plain white and plain brown/gold colored.
That's what I know about this piece.
That's what I know about this piece.


























