50 Pfennig

Singen's 1919 Notgeld issue belongs to the first wave of German municipal emergency currency that flooded the country following the armistice, when coin shortages made even small transactions difficult. The Ulmer'sche Buchdruckerei GmbH in Stuttgart handled an enormous volume of Notgeld contracts during this period, producing notes for dozens of Württemberg and Baden municipalities — which means this printing is competent but not distinctive work.

Singen itself sits on the Swiss border near Schaffhausen, a detail that occasionally affected circulation patterns for local Notgeld, as cross-border workers and traders sometimes held or exchanged it in ways municipal issuers never anticipated.