50 Pfennig

Orlamünde is a small Thuringian town with a population that barely crested a thousand in the early twentieth century — which makes the existence of a locally-issued Notgeld note entirely typical of 1917 Germany, when the wartime coin shortage forced even the most minor municipalities to print their own emergency fractional currency. What matters here is the printer: Schneider & Co. of Altenburg was one of the more prolific small-press producers of Saxe-Altenburg Notgeld, handling issues for numerous surrounding communities simultaneously.

The Gra#O24.1c designation indicates a variant within the O24 series, suggesting at least minor printing or paper differences from related issues — worth checking against the O24.1a and O24.1b when attributing.