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50 Pfennig
| Issuer | Königsaue, Municipality of |
|---|---|
| Year | 1921 |
| Type | Local banknote |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | Printed in black, red, green, brown, and grey, the reverse carries the denomination numeral at upper left and right flanking the town name. A banner inscription runs above and below three pictorial panels arranged horizontally, each illustrating one of the municipality's proclaimed afflictions: a dry town well, a man with empty pockets turned out, and a pile of tax bills. |
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| Protection type | Watermark |
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| Comments |
Königsaue is a small village in Saxony-Anhalt, and like thousands of German municipalities in 1921, it issued its own emergency currency — Notgeld — to compensate for the chronic shortage of small-denomination coins during the inflationary spiral that preceded the catastrophic hyperinflation of 1923. Louis Koch of Halberstadt was a regional printer who handled Notgeld contracts for numerous local authorities across the area, which means the watermarked paper here was a deliberate step up in production quality, not a given for notes at this level.
The DeNG reference places this as variant 1a within the 721 series — suggesting at least one additional variant exists for this issuer.