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50 Pfennig

Issuer Stadt Gernrode im Harz (City of Gernrode im Harz)
Year 1921
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Size 85 × 55 mm
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Obverse lettering GUTSCHEIN ÜBER
50 PFENNIG
GERNRODE
Was Bismarck war dem deutschen Reich,
War Gero einst vor tausend Jahren,
Sein Führerwort: Im Kampf nie weich!
Stets trutzend aller Kriegsgefahren!
C.M.
Dieser Gutschein verliert seine Gültigkeit
3 Monate nach öffentlichem Aufruf
Gernrode-Harz den 9.5.1921
Der Magistrat
LUFTKURORT-
GERNRODE HARZ
LOUIS KOCH · HALBERSTADT
Reverse description Executed in terracotta and olive-green, the reverse presents a central woodcut-style vignette of a full-length medieval tomb effigy of Margrave Gero, rendered in armour with a sword at his side and a vanquished figure at his feet, after a Romanesque original. Guilloche-pattern side borders frame the composition, while a Gothic-script Latin inscription runs along the inner border on all four sides. Olive-green ribbon banners at the top and foot carry '50 PFENNIG' and 'LUFTKURORT GERNRODE HARZ' respectively.
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Comments

Gernrode's 1921 Notgeld issue belongs to the second wave of German municipal emergency currency — the so-called "Serienscheine" phase, when towns increasingly used small-denomination scrip as a collector vehicle rather than a strict necessity. By 1921, the acute coin shortage of 1918–1920 had eased somewhat, but the market for decorative Notgeld had taken on its own momentum, and municipalities issued well beyond local circulation needs, selling sets directly to collectors at face value plus postage.

Louis Koch of Halberstadt was a regional commercial printer who handled Notgeld contracts for several Harz-area municipalities during this period. Not a specialist security printer — which is why these notes were never intended to be forgery-resistant.

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