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| 正面描述 | The obverse is printed in a multicolour lithographic style with decorative baroque scroll ornaments at each corner. At centre, the municipal arms of Hoyer — a sailing vessel on water within a shield topped by a crenellated tower — serves as the central vignette, flanked on either side by denomination roundels reading '50 Pf.' in bold black numerals on a red guilloche ground. Below the arms, a rural landscape vignette renders an agricultural scene with a horse-drawn plough, a distant windmill, and open flatlands. Validity and redemption texts appear in Gothic blackletter script in the upper field, with the date '10. April 1920' and the Bürgermeister's manuscript signature at upper right. |
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| 背面铭文 | Vor Sturmflut und Wassergefahr Herr Gott in Gnaden uns bewahr |
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Hoyer — today the Danish town of Højer in South Jutland — issued this note during one of the more politically charged moments in twentieth-century northern European border history. The Schleswig plebiscite of February 1920 had just determined that the region would return to Denmark, and German municipal authorities were still issuing emergency currency (Notgeld) during the transitional period before the border formally shifted on June 15, 1920. This note exists precisely because of that administrative gap.
The print run of over twelve million for a single denomination from a small town is striking — Hoyer had fewer than a thousand inhabitants. Distribution almost certainly extended well beyond the municipality itself, feeding broader regional Notgeld demand rather than purely local circulation.