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50 Pfennig

Issuer Magistrat der Stadt Gernrode im Harz
Year 1921
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Currency Mark (1914-1924)
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Obverse description The obverse is printed in olive-brown tones on cream paper, framed by a double-rule letterpress border with banner cartouches at top and bottom. Large numeral underprints '50' anchor the left and right margins, while the central text field carries a poetic German verse in Gothic script followed by the validity clause and issue date 'Gernrode-Harz, den 9. Mai 1921', with a manuscript facsimile signature of the Magistrat to the right. The printer's imprint 'Louis Koch Halberstadt' appears in small capitals below the lower border.
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Reverse lettering GUTSCHEIN ÜBER 50 PF.
GERNRODE IM HARZ
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Comments

Gernrode is a small town in the eastern Harz foothills, and like hundreds of German municipalities in 1921, it issued Notgeld to fill the void left by chronic small-coin shortages during the inflationary spiral following defeat in 1918. Louis Koch was a Halberstadt commercial printer — a regional job shop, not a specialist banknote firm — and the quality of these municipal issues varied accordingly.

Gernrode Notgeld is modestly collected today, primarily by Harz regional specialists rather than mainstream German inflation collectors.

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