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50 Pfennig

Issuer Stadtkasse Emmendingen
Year 1917
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Reverse lettering STADTGEMEINDE EMMENDINGEN 1590
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Protection description Fine engine-turned guilloche pattern covering the entire note field on both sides, with ornate interlaced cartouches at corners incorporating the denomination numeral.
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Comments

Emmendingen's municipal treasury — the Stadtkasse, not a bank — issued this note under the emergency currency (Notgeld) provisions that allowed German local authorities to fill the small-denomination coin shortage that worsened sharply from 1916 onward. Silver and nickel had been pulled from circulation for war procurement, and pfennig-value coinage effectively disappeared from daily commerce. Municipal paper was the practical answer, however unglamorous.

The guilloche underprint is typical of the better-produced first-wave Notgeld, before the deliberately decorative issues of 1920–21 turned the format into a collector vehicle. This one was meant to be used.

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