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50 Pfennig

Issuer Raguhn, City of
Year 1921
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Size 98 × 68 mm
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Obverse description Printed in black, terracotta-red, and sage-green on cream paper within a decorative border, the obverse centres on a panoramic town vignette of Raguhn with a river in the foreground and church spires on either side, surmounted by the municipal coat of arms — a red-brick gateway tower with a rampant bear on a scroll-form shield. Denomination numerals '50' occupy ornate cartouches at lower left and right, flanked by floral lateral panels. The lower panel carries the issuing authority, serial number, two manuscript signatures, and the date inscription 'Ausgegeben im August 1921' in Gothic blackletter script.
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Reverse description Printed in black, terracotta-red, and teal-green on cream paper, the reverse carries bold '50 PFENNIG' denomination cartouches at upper left and right, beneath which a landscape vignette shows a ruined fortification amid trees alongside a caricatured town crier in uniform ringing a bell, with a goose and a small well at lower left. The central field presents a scroll bearing a humorous verse in Gothic blackletter script, signed 'Raguhn, den 22. August 1921 / Der Magistrat,' with a circular seal at lower centre.
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Comments

Raguhn is a small industrial town on the Mulde river in Anhalt, and like hundreds of German municipalities in 1921, it issued its own emergency currency — Notgeld — to compensate for the chronic shortage of small-denomination coinage during the postwar inflation spiral. J. A. Schwarz of Lindenberg im Allgäu was one of the more prolific provincial Notgeld printers of the period, supplying dozens of municipalities across Germany with competently produced notes at a time when demand was relentless.

Georg Goldstein's design credit is worth noting — named designers on Notgeld are not universal, and his involvement suggests the town invested some deliberate civic pride in the commission rather than simply ordering from a stock template.

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