50 Pfennig

发行方	Gemeinde Katzhütte (Thuringia), Municipality of
年份	1920
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形状	Rectangular
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正面铭文	Gemeinde Katzhütte Gutschein 50 Pfennig Königstanne a.d. Wurzelberg Dieser Schein verliert seine Gültigkeit 3 Monate nach öffentlicher Aufforderung zur Einlösung. Katzhütte, 15. Dez. 1920. Der Gemeindevorstand:
背面描述	Plain light blue-green note with an overall fine guilloche underprint covering the entire surface. The word 'Gutschein' appears at the top centre in Gothic script, with the numeral '50' in a central ornamental frame flanked by the word 'Pfennig' on both sides. A black serial number is printed in the lower centre below the decorative panel.
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备注	Katzhütte is a small industrial village in the Schwarza valley, known primarily for its glassworks. This note belongs to the vast wave of Kleingeldersatz — small-change substitutes — issued by German municipalities between 1916 and 1922 to compensate for the disappearance of metal coinage, hoarded by a public watching the war economy deteriorate in real time. Municipal Notgeld from villages this small rarely survived in quantity. Katzhütte's total population was modest enough that original print runs were likely limited, and redemption periods were short — most Gemeinde-level issues were recalled and cancelled within a year or two of the stabilization measures of 1923.

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