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50 Pfennig

Issuer Stadtmagistrat Neu-Ulm
Year 1918
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Reverse description Grey-toned note with a light guilloche underprint. The header reads 'KRIEGSGELD DER K·B·UNMITTELB·STADT' in bold letterpress. The central vignette portrays a bust-length portrait of a German soldier in profile facing right, wearing a Stahlhelm and field-grey uniform, set against a landscape background with a warm horizon sky. Denomination panels in red and black reading 'GUT FÜR 50 PE.' appear symmetrically to the left and right of the vignette. The issuer name 'NEU=ULM' is rendered in bold decorative lettering along the lower margin.
Reverse lettering KRIEGSGELD DER K·B·UNMITTELB·STADT
GUT FÜR
50 PE.
GUT FÜR
50 PF.
=NEU=ULM=
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Comments

Neu-Ulm sits directly across the Danube from Ulm — two cities, two states, two currencies until 1871, and even after unification a persistent rivalry. This Stadtgemeinde-issued emergency note dates to the acute small-change shortage that gripped Germany from 1916 onward, when the public hoarded metal coinage and municipal authorities across the Reich were forced to print their own substitutes to keep local commerce moving.

Neu-Ulm's 1918 Notgeld issues are administratively straightforward — no known printing curiosities, no overprint variants. The Stadtmagistrat designation rather than Stadtgemeinde reflects Bavaria's distinct municipal law, which Neu-Ulm fell under as part of the Kingdom until November 1918.

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