50 Pfennig

Diepholz is a small administrative district in Lower Saxony, and like hundreds of German municipalities in 1920, its savings bank issued Notgeld to compensate for the acute small-change shortage that followed the First World War. The Reichsbank had effectively stopped supplying adequate coin, leaving local authorities to fill the gap themselves. Schrödersche Buchdruckerei, the local press that printed this note, was a typical provincial jobbing printer — not a security printer — which is worth noting when assessing any example for wear or foxing, as the paper quality varies considerably within the series.