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| 正面描述 | The note is divided into three vertical panels on a pale yellow guilloche underprint. The left panel carries the issuer inscription in bold Gothic letterpress with a manuscript signature above the title BÜRGERMEISTER; the central panel presents a typographic vignette of the Neustadt town hall (Rathaus) — a low whitewashed building with a dark pitched roof — accompanied by a four-line Low German verse below. The right panel bears the large numeral '50' over the denomination PFENNIG in bold type, with a second manuscript signature above the title STADTVERORDNETENVORSTEHER. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | The reverse is printed overall in yellow with an elaborate curvilinear guilloche border filling the entire field. At centre, the municipal coat of arms of Neustadt in Holstein is rendered in black letterpress: a heraldic shield surmounted by a church tower with acanthus scroll supporters and a lower compartment showing a rowing boat on waves, the whole enclosed within ornate baroque cartouche work. The thin paper stock allows a ghost impression of the obverse text to show through. |
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Neustadt in Holstein was one of hundreds of German municipalities that issued Notgeld during the severe small-change shortage of 1918–1922. The federal government's failure to supply adequate fractional coinage pushed cities and towns into printing their own emergency notes — a chaotic but pragmatic solution that produced thousands of distinct local issues.
Neustadt's 50 Pfennig piece from 1920 falls squarely in the "Serienscheine" phase, when many towns began treating Notgeld as a collector commodity rather than a genuine monetary stopgap, deliberately printing attractive series to sell to collectors at a premium over face value.