50 Pfennig

Goslar's 1918 Notgeld issue belongs to the first wave of municipally authorized emergency small change, produced because the imperial government's wartime metal requisitions had effectively stripped copper and nickel coinage from everyday commerce. The Magistrat stepped in, as hundreds of German towns did that year, printing low-denomination scrip redeemable locally.

The Gra:G33.2c designation indicates a specific color or paper variant within the G33 series — Grabowski's Goslar listings distinguish several otherwise identical printings by these minor production differences. Collectors often find the variants bunched together in old lots, unchecked.