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50 Pfennig

Issuer City of Arolsen
Year 1921
Type Local banknote
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Obverse description At centre, a stylised 'A' monogram for Arolsen is surmounted by a radiant triangle and star, flanked on either side by large numeral '50'. The denomination 'Fünfzig Pfennig' is inscribed above the central motif, while text blocks to the left and right set out the redemption terms and the issuing authority. Two manuscript signatures appear below the date line, with the printer's imprint 'LOUIS KOCH - HALBERSTADT' at the foot.
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Reverse lettering 50
CHRISTIAN RAUCH
Arolsen
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Comments

Arolsen — the residence town of the Princes of Waldeck — issued this 50 Pfennig Notgeld note in 1921 as Germany's postwar coin shortage dragged well into its third year. Louis Koch of Halberstadt was a minor regional printer responsible for a large volume of municipal emergency currency during this period, none of it particularly distinguished technically, though the output was consistent.

The DeNG reference suffix variants (44.1a through the 3/3 designation) typically indicate paper or color differences across print runs — collectors should verify which specific variant is in hand before cataloging.

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