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50 Pfennig

Issuer Städtische Sparkasse Königsberg in Franken
Year 1918
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Size 71 × 47 mm
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Protection type Watermark
Protection description Schippen (spades) watermark pattern, Keller reference #187
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Comments

Königsberg in Franken — a small Franconian town not to be confused with the Prussian city — issued this note through its municipal savings bank during the acute small-change shortage that gripped Germany in 1918 as the war drained metal coinage from circulation. Blasius & Lauer Nachf. in nearby Schweinfurt was a regional commercial printer, not a specialist security firm, yet the inclusion of a watermark places this above the most rudimentary Notgeld issues of the period.

The reference suffix M2 suggests a second watermark variety within the K31 type — worth confirming against the DeNG listing before cataloging alongside the M1.

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