50 Pfennig

Gnarrenburg is a small municipality in the Rotenburg district of Lower Saxony, and like hundreds of comparable German towns it resorted to locally authorized Notgeld during the inflationary spiral of the early 1920s. The Jänecke firm in Hannover — formally Gebrüder Jänecke, later Jänecke & Schneemann — was one of the more prolific printers of small-denomination municipal emergency currency in the region, handling commissions from dozens of Lower Saxon communities in this period.

Gnarrenburg's issues are not among the more widely collected Niedersachsen Notgeld series, which keeps acquisition costs modest even for cleaner survivors.