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50 Pfennig
| Issuer | Magistrat Derenburg (Harz) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Grey-toned reverse with a bold double-rule border. A central rectangular vignette in colour illustrates a ploughman guiding a horse-drawn plough across a green field beneath a cloudy sky, evoking the agrarian character of the Harz region. The town name 'DERENBURG (HARZ)' is set in large bold Gothic lettering across the top, flanked symmetrically on each side by the Derenburg municipal coat of arms dated '1551', while the denomination inscription 'GUTSCHEIN ÜBER 50 Pf.' runs in bold Gothic type along the lower margin. |
| Reverse lettering | DERENBURG (HARZ) GUTSCHEIN ÜBER 50 PF. 1551 |
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| Comments |
Derenburg is a small market town in the Harz district that issued this Notgeld during the post-WWI inflationary chaos, when the chronic shortage of small-denomination coinage forced hundreds of German municipalities to print their own emergency money. Louis Koch in nearby Halberstadt was the practical choice — a regional commercial printer, not a specialist banknote firm, which shows in the workmanlike production quality typical of small-town Notgeld from this period.
Municipal issues like this one were technically illegal under Reichsbank regulations but tolerated out of necessity until the central authorities moved to suppress local issues in 1922.