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50 Pfennig

Issuer Amtshauptmannschaft Zwickau
Year 1920
Type Local banknote
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Reverse description The reverse, printed in blue with a white underprint, carries a central vignette of an industrial landscape — likely a coal mine or steelworks — with headframes, factory buildings, chimneys, and surrounding terrain rendered in a fine letterpress vignette style. The denomination numeral '50' appears in each upper corner, and below the vignette a banner-shaped panel displays the serial number printed in red.
Reverse lettering 50
50
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Comments

Amtshauptmannschaft Zwickau was a Saxon district administrative unit — not a municipality, not a bank — issuing emergency small change during the acute coin shortage that followed Germany's defeat in 1918. The Kleingeldersatz problem was severe enough that district-level authorities across Saxony were formally authorized to print their own fractional Notgeld, and Zwickau's district office did so alongside dozens of similar rural administrations.

At 52 × 37 mm, this is among the smaller Notgeld formats produced, reflecting the practical intent: these circulated as coin substitutes, not collector pieces — though the collector frenzy for Notgeld had already begun by 1920 and undoubtedly inflated print runs across the region.

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