50 Pfennig

Marienwerder — now Kwidzyn, Poland — was at the center of one of the most contested plebiscites of the post-WWI settlement. Under the Treaty of Versailles, the region's population voted in July 1920 on whether to join Poland or remain with Germany. The result was overwhelmingly pro-German, over 92% in favor of staying. This notgeld was issued that same year, almost certainly while the vote's outcome was still uncertain and Reichsbank currency was both scarce and politically fraught in the disputed territory.

Small municipal emissions like this one were printed in enormous variety during 1920–21, but Marienwerder's carry a specific local weight that purely inflationary notgeld lacks.