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50 Pfennig
| Issuer | Schwäbisch Gmünd, City of |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein von Schw. Gmünd 50 Pfennig Nachahmung strafbar nur gültig bis 31. Aug. 1923 Schw. Gmünd 1. Sept. 1921 |
| Reverse description | Log in to see details |
| Reverse lettering | 50 Pfennig HELL EIN GLÖCKLEIN HÖRT MAN SCHALLEN UND MAN SIEHT DEN SCHWARZEN ZUG MIT DIR ZU DER STÄTTE WALLEN WO BEGINNEN SOLL DEIN FLUG |
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| Comments |
Schwäbisch Gmünd's 1921 Notgeld issues belong to the second wave of German municipal emergency currency — by this point the Reichsbank's chronic shortage of small-denomination coins had forced hundreds of towns to print their own. Gmünd, a goldsmithing center in Württemberg with genuine craft heritage, produced notes that leaned into that local identity rather than defaulting to generic civic imagery. The third type in this three-part series (hence the /3 suffix in the Pick reference) suggests the city returned to press more than once as inflation accelerated through 1921.
Württemberg Notgeld from this period was not centrally coordinated — each municipality negotiated its own printer and design, which accounts for the wide variation in paper quality across surviving examples from the region.