50 Pfennig

Schobüll is a coastal village in Schleswig-Holstein with a population that, even today, barely reaches four figures. That a municipality this small was issuing its own emergency currency in 1921 says everything about how completely the Weimar Republic's monetary infrastructure had collapsed under postwar inflation — small coins had effectively vanished from circulation, hoarded or melted, and communities down to the parish level were left to fill the gap themselves.

The cut-out apertures are the notable feature here. This perforation technique was used by some Notgeld issuers as a rudimentary anti-counterfeiting measure, the logic being that clean die-cut holes were harder to replicate than printed security elements.