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50 Pfennig

Issuer Der Rat der Stadt Annaberg (City Council of Annaberg, Saxony)
Year 1920
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Obverse lettering Gutschein
Fünfzig Pfennig
50
Der Rat der Stadt Annaberg
Gültig in der Amtshauptmannschaft Annaberg.
Der Ablauf der Gültigkeit wird im Amtsblatt bekannt gegeben.
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Reverse lettering BARBARA UTTMANN
50
50
50
50
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Comments

Annaberg's notgeld program belongs to the second wave of German municipal emergency currency — issued after the Reichsbank's coin shortages bit hardest into small-denomination transactions during the inflationary turbulence of 1919–1920. The City Council issued these pieces under the same legal framework that authorized hundreds of similar German municipalities to fill the vacuum left by disappearing Kleingeld.

Annaberg itself, deep in the Erzgebirge, had been a silver-mining town since the fifteenth century — a detail the council likely found ironic when forced to issue paper scrip to replace metal coin.

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