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| 正面铭文 | GUTSCHEIN DER STADT BUXTEHUDE PFENNIG 50 |
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| 背面铭文 | DIESER GUTSCHEIN VERLIERT SEINE GÜLTIGKEIT 3 MONATE NACH ERFOLGTER ÖFFENTLICHER ANKÜNDIGUNG SUEHT DAT UT OK NOCH SO SLECHT DAT LI KOPPT SLÜCK ALLEN S WEDDER TRECHT DER MAGISTRAT DIE BÜRGER-VORSTEHER PFENNIG 50 |
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Buxtehude's 1920 Notgeld issue was one of thousands of municipal emergency currency pieces produced across Germany as the central government's coin supply collapsed under postwar economic strain. Towns and cities printed their own small-denomination scrip because metal coins had effectively vanished from circulation — hoarded, melted, or simply never minted in sufficient volume after 1914.
Otto Clausen was a Hamburg commercial printer, not a specialist banknote firm, which is exactly the point: by 1920, municipalities were taking work wherever they could get it.