50 Pfennig

Koberg is a tiny rural settlement in Holstein, and the fact that its district office felt compelled to print emergency money in 1921 tells you everything about how thoroughly the postwar inflation had destroyed confidence in the Reichsmark. Notgeld at this scale — issued by administrative units with essentially no monetary authority — was a practical response to a chronic shortage of small change, not a policy instrument.

Gebrüder Parcus in Munich handled an enormous volume of municipal and district Notgeld commissions during this period, which kept quality reasonably consistent but made individual issues from minor localities genuinely difficult to trace through later cataloging efforts.