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50 Pfennig

Issuer Stadt Bad Nauheim (City of Bad Nauheim)
Year 1917
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Currency Mark (1914-1924)
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Obverse description Salmon-toned note with an all-over fine guilloche underprint. At upper left, the heraldic shield of Bad Nauheim bearing a crowned lion above a fountain, rendered in black letterpress. To the upper right, the issuer's name 'Stadt Bad-Nauheim' is set in bold Gothic script, with a teal guilloche vignette of the numeral '50' below. A central banner in black carries the denomination 'Fünfzig Pfennig' in bold serif type. The lower portion bears the issuance date 'BAD-NAUHEIM, den 1. Juni 1917', a red serial number at lower left, redemption text in small print, and a facsimile signature of the Bürgermeister at lower right.
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Protection description Complex lathe-work guilloche rosette on the reverse, combined with a fine all-over geometric underprint on both sides, serving as anti-counterfeiting protection.
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Bad Nauheim's 1917 Notgeld issue belongs to the first wave of municipal emergency currency that flooded Germany after the Reichsbank restricted small-coin circulation in 1916. Metal had been commandeered for the war effort, and towns were left to solve the change shortage themselves. Carl Naumann's Druckerei in Frankfurt was a workhorse printer for regional Notgeld; the guilloche work is functional rather than ambitious, aimed at deterring casual forgery rather than displaying any serious intaglio craft.

Survival rates for these early paper issues are lower than for the celebrated 1920–21 artistic Notgeld series, which were printed speculatively for collectors from the outset.

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