50 Pfennig

Husbyholz is a small municipality in Schleswig-Holstein, and like hundreds of similarly obscure German communes in 1921, it issued notgeld to address the acute small-change shortage that followed the postwar economic dislocation. The German notgeld phenomenon of 1920–1922 produced thousands of locally issued pieces, many clearly printed for collector sale rather than genuine circulation — a practice so widespread that contemporary philatelists coined the term "Serienscheine" to describe the collector-targeted issues.

Whether Husbyholz's issue served real transactional need or was primarily a revenue exercise for the municipality is difficult to establish from the printing run alone.