50 Pfennig

German municipal emergency money — Notgeld — flooded the economy from 1914 onward as coin shortages worsened and the Reichsbank struggled to keep small denominations in circulation. Landsberg am Lech, a mid-sized Bavarian market town, issued its own scrip through the Stadtmagistrat like hundreds of other municipalities, filling the gap the central authority could not.

1918 issues are among the more historically loaded: printed in the final year of the war, many were still circulating when the armistice came and the political order collapsed entirely. Redemption was not always guaranteed.