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50 Pfennig

Issuer Stadt Schwäbisch Gmünd (City of Schwäbisch Gmünd)
Year 1918
Type Local banknote
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Obverse description Dark brown and olive-green notgeld with a bold central vignette of the Schwäbisch Gmünd municipal lion rampant set within a dark rectangular cartouche, flanked on left and right by circular guilloche medallions bearing the numeral '50' in gold. The denomination 'Fünfzig Pfennig' is printed in large decorative Gothic lettering above and below the central vignette. Ornate foliate corner panels frame the design, with the issue date 'Gmünd, Den 1. Oktober 1918' at upper left and the validity date 'Gültig bis 1. Oktober 1921' at upper right; a serial number appears at the foot of the central panel below the signatures of the Oberbürgermeister and Stadtpfleger.
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Reverse description Dark brown and olive-green design centred on an oval vignette of a medieval city tower of Schwäbisch Gmünd, surrounded by an ornate wreath-like border with the circular inscription referencing the city. The denomination 'Fünfzig Pfennig' appears in large gold Gothic lettering across the centre, with the numeral '50' repeated in gold at upper left and upper right within foliate panels. Two heraldic shields — each bearing the Schwäbisch Gmünd lion — are positioned at lower left and lower right, flanked by oak-leaf decorative elements. The printer's imprint appears in small italic script along the lower margin.
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Comments

Schwäbisch Gmünd's 1918 Notgeld issue belongs to the first wave of municipal emergency currency that flooded Germany when chronic small-coin shortages, accelerated by wartime metal requisitions, made everyday commerce increasingly difficult. The city printed this locally — Kunstanstalt C. Janner was a Gmünd-based commercial art printer, not a specialist banknote firm, which is exactly what you'd expect from a mid-sized Württemberg town issuing fractional scrip under pressure rather than planning.

Möhler signed as Oberbürgermeister, Gaiser as Stadtpfleger — the latter a specifically southwestern German civic finance title, roughly equivalent to city treasurer.

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