1/2 Mark

Liebstadt — today Miłakowo in the Warmia-Masuria region of Poland — was a small East Prussian town whose municipal authority issued notgeld like hundreds of other German communities during the acute coin shortage that followed the First World War. These fractional mark pieces filled the gap left by hoarded metal coinage, authorized under the broader emergency currency framework that the Reichsbank tolerated but never formally sanctioned.

The official seal was the primary — often only — guarantee of local legitimacy. Forgery of small-denomination municipal notgeld was rarely worth the effort, which is why authentication relied on administrative stamp rather than sophisticated printing security.