50 Pfennig

Oebisfelde is a small town on the Aller river in Saxony-Anhalt, and like hundreds of comparable municipalities in 1921, it issued Notgeld not out of crisis but out of chronic small-change shortage — the Reichsbank simply could not keep low-denomination coins in circulation fast enough during the inflationary spiral. J. C. König & Ebhardt of Hannover, primarily a bookbinding and paper goods firm, printed enormous quantities of municipal Notgeld during this period, which accounts for the workmanlike but consistent quality across their runs.

The two catalogue variants (1/2#1006.1 and 1006.2) reflect minor differences between the issues authorized under the same Magistrat signatures of Hartz and Stellmann.