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50 Pfennig
| Issuer | Stadt Crefeld (City of Krefeld) |
|---|---|
| Year | 1921 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Dark background with a bold vertical stripe pattern in black and yellow — the heraldic colours of the city of Crefeld — with the municipal coat of arms at upper left. A large diagonal banderole in cream overlays the centre, carrying the denomination text and the voucher conditions in Gothic script. Denomination numerals '50' appear in diamond-shaped lozenges at lower left and lower right. The serial number is printed in red at the foot of the note. |
|---|---|
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| Signature(s) | J. Johansen |
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| Comments |
Krefeld's 1921 Pfennig notgeld belongs to the second great wave of German municipal emergency currency, issued as coin shortages and hyperinflationary pressure forced cities to produce their own small-denomination scrip. Krefeld, a Rhenish city long associated with silk and velvet weaving, had additional complications in 1921: the left bank of the Rhine remained under Allied occupation following the Treaty of Versailles, and local commerce depended on a functioning small-change supply the Reichsbank could not reliably provide.
The signatory J. Johansen was almost certainly a municipal finance official rather than a printer's representative. Krefeld printed its own notgeld series locally, which accounts for the relatively consistent typography across issues in this reference group.