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50 Pfennig

Issuer City of Rastenberg (Thuringia)
Year 1921
Type Local banknote
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Reverse description The entire reverse is taken up by a full-colour architectural vignette of the Rastenberg Rathaus (town hall), rendered in a folk-art lithographic style with a red-tiled roof, onion-domed tower, courtyard fountain, and surrounding trees. The denomination numeral '50' in red appears at lower left and lower right, and a four-line German verse in Fraktur script occupies the lower panel. The printer's imprint 'Druck von E. Giltsch, Jena' is lettered beneath the central vignette, and the caption 'das Rathaus' appears at upper right.
Reverse lettering Notgeld der Stadt Rastenberg
das Rathaus
Altehrwürdger Bau, du sahst manches Mal schon, Wie glückliche Zeit folgt auf Elend und Hohn, Ach möchtest du bald Glück und Einigkeit schauen, Wenn Deutsche nun neu ihr Vaterland bauen.
50
Druck von E. Giltsch, Jena.
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Comments

Rastenberg is a small town in Thuringia — population never exceeded a few thousand — yet like hundreds of similarly sized German municipalities in 1921, it issued its own emergency paper currency when chronic coin shortages made everyday commerce nearly impossible. The postwar inflation was already eroding purchasing power before the catastrophic hyperinflation of 1922–23, and Kleingeldersatz notes like this one filled a genuine transactional gap at the local level.

Eduard Giltsch in Jena was a respected regional printer with strong ties to Thuringian Notgeld production, which likely kept costs and turnaround manageable for small issuers without direct access to major printing houses.

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