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50 Pfennig

Issuer City of Stuttgart (Stadtkasse Stuttgart)
Year 1921
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Obverse description The obverse is printed in brown and ochre tones on a pale ground, with the Gothic blackletter heading "Württembergische Landeshauptstadt Stuttgart" across the top. At centre, the Stuttgart civic arms — a rearing black horse on a gold shield — is set within an ornate oval cartouche flanked by large numeral "50" denominators on either side, with a faint portrait vignette in the underprint to the left. Below, the denomination "Fünfzig Pfennig" is inscribed in bold Gothic script, followed by the payment clause, date "Stuttgart den 21. April 1921", series letter "B" at lower right, and the manuscript signature of the Oberbürgermeister.
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Reverse description The reverse is rendered in sepia tones and presents a detailed architectural vignette of the Königstor (King's Gate), a Baroque triumphal arch in Stuttgart, with flanking period buildings receding into the background. The city name "Stuttgart" appears in decorative Gothic script at upper left, with the subtitle "Königstor" in Roman type below it. The denomination "50 Pfennig" is set in large bold figures at lower right, integrated into the composition.
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Comments

Stuttgart's Stadtkasse issued this note during the inflationary spiral that preceded the catastrophic hyperinflation of 1923 — by 1921, municipal authorities across Germany were already scrambling to cover small-denomination shortages caused by metal hoarding and Reichsbank supply failures. These Kleingeldscheine were a practical stopgap, not an officially sanctioned monetary instrument, and the issuing city bore full redemption liability.

The watermark security feature is atypical for notgeld at this denomination — most municipal issues of comparable face value dispensed with it entirely, making this particular Stuttgart printing marginally more deliberate in its construction than the average emergency scrip.

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