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| 正面描述 | The obverse presents the denomination '50 Pfennig' in bold central lettering, framed by typographic border ornaments typical of Notgeld emergency currency design. The issuing authority of the District of Laufen (Bavaria) is identified in the upper inscription, with the year 1920 noted within the text. The overall layout reflects the letterpress production style of A. Pustet, with restrained decorative elements consistent with Bavarian district Notgeld issues of the period. |
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| 背面描述 | The reverse carries the statutory validity text and conditions of redemption customary for Bavarian district Notgeld issues of 1920, set within a plain typographic frame. Ornamental border elements consistent with the printing style of A. Pustet of Tittmoning frame the central text block. The design is spare and functional, reflecting the emergency nature of the issue. |
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Laufen is a small Bavarian border town on the Salzach river — administratively awkward for much of the 20th century, sitting directly opposite the Austrian town of Oberndorf. This 50 Pfennig Notgeld was issued during the acute coin shortage that gripped Germany in 1920, when hyperinflation had not yet peaked but small-denomination metal had already been hoarded out of circulation. District-level authorities across Bavaria issued their own emergency notes to fill the gap.
A. Pustet in nearby Tittmoning was a Catholic publishing and printing house — an unusual choice for a fiscal instrument, though regional printers of any reliable capacity were pressed into Notgeld production throughout this period.