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| 正面描述 | Printed on cream paper in black and red, the obverse carries the title NOTGELDSCHEIN in bold Gothic Fraktur script across the top, with a large red denomination numeral 50 and the word Pfennige at centre, enclosed within a dotted red oval guilloche ornament over a grey radiant underprint. The issuing authority der Stadt Waldenburg i.Schl. appears in Fraktur lettering at lower centre, flanked by the validity clause Dieser Schein verliert seine Gültigkeit am 29.12.1920 at lower left. At lower right, the place and date Waldenburg i.S. den 29.9.1920 are accompanied by the manuscript signature of der Magistrat, Fr. Erdmann. |
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| 背面铭文 | 1870 1920 Herrgott, ich danke dir dass du die Kinder in mein Leben geschickt zum Gedenken an die Feier des 50 jaehrigen Bestehens des Staedtischen Gymnasiums zu Waldenburg in Schlesien am 29ten September 1920 |
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Waldenburg was a coal-mining town in Lower Silesia, and its Notgeld issues of 1920 belong to the first wave of municipal emergency currency that flooded Germany during the postwar coin shortage. The city's chamber issued these notes to keep small commerce moving when the Reichsbank simply could not supply enough low-denomination metal coin to meet daily needs.
The signature of Fr. Erdmann for the Magistrat places administrative authority squarely at the municipal level — these were civic obligations, not banking instruments. Designer Schröder is credited on the note itself, a transparency unusual enough to be worth noting.