50 Pfennig

Rödding — known in German as Rödding and in Danish as Rødding — sits in the Schleswig region, and this note was issued just months after the March 1920 plebiscite that redrew the border between Germany and Denmark. The town voted to remain in Germany by a narrow margin, and the municipal scrip issued that same year reflects a community still navigating the administrative and monetary chaos of the transition period, when Reichsmark-denominated Notgeld filled the gap left by coin shortages.

The J.C. Hansen signature is notable — a Danish surname in a German municipal office, unremarkable for this border zone but easy to overlook.