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50 Pfennig

Issuer Stadt Neustadt an der Saale
Year 1919
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Size 72 × 46 mm
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Obverse description Small-format Notgeld note issued by the town of Neustadt an der Saale, with the denomination '50 Pfennig' and the issuing authority's name rendered in period letterpress typography. The design follows the austere, utilitarian style typical of German municipal emergency currency of the 1919 inflation era, with the face value and issuer inscription as the primary compositional elements.
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Reverse description The reverse carries the authorizing text and validity conditions standard to Notgeld issues of this period, printed in black letterpress on plain paper stock. The layout is text-centric, consistent with small-denomination municipal Notgeld of Franconian Bavarian townships circa 1919.
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Comments

Neustadt an der Saale was one of hundreds of German municipalities forced into emergency currency production following the acute small-change shortage that developed after the First World War. The Reichsbank's coin output had been gutted by wartime metal requisitions, and by 1919 towns of all sizes were printing their own Kleingeldersatz to keep local commerce functional. This note is part of that wave — municipal, provisional, and designed for rapid absorption back out of circulation once stabilization came.

Notgeld of this type was frequently redeemed and destroyed within months, which is why surviving examples often come from collector issues printed in parallel with genuine circulating pieces.

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