50 Pfennig

Dargun is a small town in Mecklenburg whose notgeld issues of the early 1920s were produced during the acute coin shortage that followed Germany's postwar economic dislocation. Municipal authorities across Germany were legally permitted to issue small-denomination emergency paper from 1916 onward, and thousands of towns did exactly that — Dargun among them.

By 1921 the Pfennig series had become something of a collector's market in its own right, with many municipalities printing aesthetically elaborate notes in deliberate excess of local need, sold directly to collectors. Whether Dargun's issue was genuine emergency currency or a collector-targeted Serienscheine is the operative question for any buyer.