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50 Pfennig

Issuer Stadt Oldenburg in Holstein (City of Oldenburg in Holstein)
Year 1920
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Obverse description Printed in blue-green on cream paper, the note is divided into three vertical panels with a wavy-line guilloche underprint on the outer two panels. The central panel carries a vignette of the Oldenburg in Holstein town gate (Stadttor) surmounted by the municipal coat of arms, set against a dark green background, with the town name 'Oldenburg i. Holstein' inscribed below. The denomination '50 Pfennig.' appears in bold letterpress in the lower corners of the outer panels, which bear Low German dialect verses; the lower portion carries the validity clause, issue date, serial number, and the manuscript signature of the Magistrat.
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Reverse lettering Torfwerk
Stadt Oldenburg in Holstein
50 PFENNIG
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Oldenburg in Holstein — not to be confused with the larger city of Oldenburg in Lower Saxony — issued this 50 Pfennig Notgeld note in 1920 as small-denomination coinage remained almost impossible to source in the chaotic postwar economy. Hundreds of German municipalities printed their own emergency fractional currency during this period, but notes printed locally by the issuing town's own printer are less common than those farmed out to Leipzig or Berlin trade houses.

Julius Simonsen printed here in-town, which kept production costs low and turnaround fast.

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