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10 Pfennig
| Issuer | City of Halberstadt (Notgeld) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Multicolour letterpress composition in olive, ochre, and red tones, centred on an architectural vignette of historic Halberstadt buildings framed within a stone arch. The city's heraldic shield — a diagonal black bar on a quartered red and white field — is repeated at left and right, while the denomination numeral '10' appears in large ochre figures at lower left and lower right. Inscriptions in German Gothic script identify the voucher type at upper left and right, with the place name 'Halberstadt a/Harz' along the lower centre. |
| Reverse lettering | Gutschein über 10 Pf 10 Halberstadt a/harz 10 |
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| Comments |
Halberstadt's 1920 Notgeld issue was printed locally by Louis Koch — an unusual arrangement, since most German municipal emergency money of this period was farmed out to larger commercial printers in Leipzig or Berlin. Koch was a Halberstadt-based printing house, which gives this series a genuinely provincial character, both in its production economics and in the slight inconsistencies collectors sometimes notice across surviving examples.
The 1920 German Notgeld wave was driven by a chronic shortage of Reichsbank small-change coins, themselves hoarded or melted as inflation eroded their metal value. Municipalities issued their own notes legally, under tolerating rather than enthusiastic federal oversight.