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50 Pfennig

Issuer Husbyholz, Municipality of
Year 1921
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In circulation to 31 December 1921
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Obverse description Black and orange letterpress design with decorative border surrounds a central vignette of a horse-drawn wagon on a road. The denomination appears in numerals at left and right, with a serial number at bottom center. The date of validity and issuing authority are inscribed across the face.
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Reverse description Black and orange letterpress design with decorative border frames a central vignette of figures ascending a hillside beneath a radiant sun. Denomination numerals appear at the lower corners, with a verse in German Gothic script occupying the lower portion of the note.
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Comments

Husbyholz is a small municipality in Schleswig-Holstein, and like thousands of German and Austrian local authorities in the early 1920s, it issued its own small-denomination notgeld to address the severe coin shortage that followed the First World War. These hyperlocal issues were produced in enormous variety between roughly 1918 and 1923, and many were printed speculatively for the collector trade rather than genuine circulation — a practice that inflated output numbers while leaving actual circulated survivors relatively scarce.

The DeNG reference places this within a well-documented series, but Husbyholz issues attract primarily regional collector interest rather than broad international demand.

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