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50 Pfennig

Issuer Stadt Cleve (City of Kleve)
Year 1921
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Obverse lettering Gutschein der Stadt Cleve Gültig bis 1 Monat nach Aufkündigung Cleve i.J.1921 Der Bürgermeister: Wird bei allen Städt.Kassen eingelöst
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Reverse lettering 50(4) PFENNIG(2) O Cleve,traute Vaterstadt,du Schönste weit und breit. Gott Schütze,Gott Schirme dich heut und alle Zeit! CLEVE Der kleine Markt
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Comments

Kleve's 1921 Notgeld issue belongs to the second wave of German municipal emergency currency — after the acute postwar shortages of 1914–18 but well ahead of the hyperinflationary collapse that would make Notgeld effectively worthless by late 1923. Gebrüder Parcus in Munich was one of the more prolific specialist printers of this material, producing issues for dozens of German municipalities simultaneously, which kept unit costs low enough to make small-denomination runs economically viable for a city Kleve's size.

The DeNG reference suffix ".1 2/4" indicates this is the first of four known typographic or color variants within the 231 series — worth noting for collectors assembling a complete run.

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