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50 Pfennig
| Issuer | Stadt Neustadt an der Saale (City of Neustadt an der Saale) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in olive-green and teal on cream paper. At the top, a banner ribbon carries the issuer inscription STADT NEUSTADT A.S., below which the word GUTSCHEIN appears in large teal letterpress. A central hexagonal vignette encloses the large denomination numeral 50 in teal. To the left, a tree and the municipal coat of arms are rendered in line engraving, flanked to the right by a sheaf of wheat; subsidiary value notations 50 Pf. and 50 Pfennig appear on scrolls at each side. The lower panel bears a serial number, the issue date Ausgegeben am 1. Sept. 1920, and the authorization line DER STADTRAT with a manuscript signature. |
|---|---|
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| Reverse description | The reverse is printed in brown on cream paper and divided into two registers. The upper register presents a panoramic line-engraved townscape of Neustadt an der Saale, showing medieval towers, rooftops, and surrounding landscape. The lower register contains a wavy-line guilloche border enclosing a two-column redemption text, separated at centre by a circular vignette with an interlaced monogram device. |
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| Comments |
Neustadt an der Saale issued this 50 Pfennig Notgeld in 1920 during the acute coin shortage that followed Germany's defeat — copper and nickel had been systematically diverted for war production since 1916, and small-denomination coinage never recovered quickly enough to meet peacetime demand. Thousands of German municipalities printed their own emergency pfennig notes between 1918 and 1922, and Fruhauf in Bamberg was a regional press that handled a number of these civic commissions across Franconia.
The issuing authority is the city administration, not a bank — a distinction that mattered legally, as municipal Notgeld carried no backing beyond local goodwill.