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50 Pfennig

Issuer Stadt Alzey (City of Alzey)
Year 1921
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Currency Mark (1914-1924)
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Reverse description The reverse is printed in red on pale paper and displays a bold large Fraktur script word 'fünfzig' occupying the central field, set against a horizontally lined underprint background within a double-ruled rectangular border. The issuer name 'Stadt Alzey' appears in smaller Fraktur lettering centred at the top, flanked by the numeral '50' in each upper corner, while the denomination 'Pfennig' is inscribed in Fraktur along the lower margin, again flanked by '50' at each lower corner.
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Protection description Achteckfluss (octagonal river/wave pattern watermark)
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Comments

Alzey, a small administrative centre in Rhenish Hesse, issued this note under the broader Notgeld programme that flooded Germany with locally printed emergency scrip as the Reichsbank struggled to keep small-denomination coinage in circulation. By 1921 the inflationary pressure that would eventually destroy the mark entirely was already beginning to distort everyday commerce, and towns like Alzey were effectively self-financing their own change.

Kranzbühler of Worms was a regional printer with an established record in quality commercial work, and the watermarked paper on this issue is a cut above the cheapest Notgeld production of the period.

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