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50 Pfennig

Issuer Stadt Bad Nauheim (City of Bad Nauheim)
Year 1917
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Obverse description Salmon-pink notgeld voucher printed by letterpress on a fine guilloche underprint, with the municipal coat of arms of Bad Nauheim in black at upper left. A large numeral '50' appears as a pale underprint vignette at center-right, overlaid by the bold black banner inscription 'Fünfzig Pfennig'. The heading 'Stadt Bad-Nauheim' appears at top, with the designation 'GUTSCHEIN über' above the denomination band, a serial number in red at lower left, the issue date 'BAD-NAUHEIM, den 1. Juni 1917' below, and a redemption clause with the facsimile signature of the Bürgermeister at lower right.
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Reverse lettering KURHAUS
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Comments

Bad Nauheim's 1917 Notgeld issue came out of the same wartime necessity that pushed hundreds of German municipalities into emergency currency production. The Reichsbank had effectively hoarded metal coinage — brass, nickel, even copper — for the war economy, leaving small-denomination transactions without a practical medium. Cities printed their own.

Carl Naumann's Frankfurt press had been operating since 1821 and handled a significant volume of regional Notgeld contracts during the war years, supplying multiple Hessian municipalities. The firm closed in 1926, well after the inflation emergency had subsided.

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