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100 Pfennig

Issuer Thale am Harz, City of
Year 1921
Type Local banknote
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Obverse description The obverse is printed in black on a violet-tinted paper with vertical line underprint. The denomination '100 Pfennig' appears in large Gothic blackletter script on both left and right flanks, with the issuer title 'Gutschein von Thale-Harz' arching across the top. A central oval vignette presents the town's heraldic shield supported by two rampant lions, encircled by a circular inscription in Gothic script; below the vignette, the date 'Walpurgis 1921' and the validity legend 'Gültig bis 31. Dezember 1922' are set, together with the facsimile signature of the Bürgermeister Schönmark and the issuing authority 'Gemeindevorstand'.
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Reverse description The reverse is printed in black on a violet-tinted paper and carries a detailed woodcut-style vignette of the Eisenhüttenwerk (ironworks) at Thale am Harz: a large neoclassical administrative building occupies the centre, with industrial factory buildings and smoking chimneys rising behind it. Flanking the central scene are two standing worker figures — a female agricultural labourer with a rake at left and a male ironworker with tools at right — each enclosed within narrow vertical panels. A lower cartouche divided by a caduceus emblem bears the two-part motto inscription, while small corner cartouches contain crossed tools and a financial legend at lower left.
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Comments

Thale, situated at the mouth of the Bode gorge in the eastern Harz, issued this note during the acute small-change shortage that gripped German municipalities in 1921 — a problem driven less by hyperinflation, which had not yet peaked, than by the chronic underproduction of Reichsmünzen and the hoarding of metal coinage that had accelerated since the war years. Towns of Thale's size were effectively forced into emergency currency by circumstance rather than monetary policy.

The Bürgermeister's signature — Schönmark — carries legal authority here. Municipal notgeld of this period was technically illegal under Reich law but universally tolerated.

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