50 Pfennig

发行方	Stadt Emmerich (City of Emmerich)
年份	1920
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货币	Mark (1914-1924)
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正面铭文	naar dit 1920 een beter Pfd. 6.- M. Mehl Pfd. 0.40 M. Kartoffel Milch- Fleisch- Lit. 2.- Pfd. 15.- Gutschein der Stadt Emmerich über fünfzig Pfennig Zahlbar bei sämtl. städt. Kassen. Verliert seine Gültigkeit 1 Monat nach Aufkündigung i. d. hiesigen Zeitungen. Emmerich, d. 1. Dezember 1920. Der Bürgermeister
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背面铭文	A. D. EMMERICH 1920 50 GEBR. PARCUS, MÜNCHEN
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备注	Emmerich, a Rhine crossing town on the Dutch border, issued this note during the acute small-change shortage that paralyzed German retail commerce in 1920. The Reichsbank's inability to keep low-denomination coins in circulation — driven by wartime metal requisitions and postwar hoarding — forced hundreds of German municipalities to print their own Kleingeldersatz. Emmerich was one of thousands, but the choice of Gebrüder Parcus in Munich as printer signals a degree of civic seriousness; Parcus handled notgeld for numerous Bavarian and Rhenish authorities and maintained consistent production standards. The occupied Rhineland setting adds a layer: French and Belgian troops had administered the region since 1919 under Versailles provisions, making locally issued scrip a quietly assertive act by the German municipal administration.

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