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| 正面描述 | The obverse is printed in brown tones on tan paper and centres on a large heraldic swan vignette with wings spread wide, set against a stylised foliate cloud underprint in the Jugendstil manner; the printer's imprint 'LOUIS KOCH, HALBERSTADT' appears vertically at lower right. The denomination 'Fünfzig Pfennig' is rendered in bold Gothic blackletter across the upper margin, flanked by the two words at left and right respectively. Below the vignette, a text block in Fraktur script states the validity conditions, while the date 'Schwanebeck, d. 1. April 1921', the issuing authority 'Der Magistrat' with a manuscript signature, and a red serial number appear in the lower right quadrant. |
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| 背面铭文 | Wo Friede wohnt und Hand und Geist sich regen, da weilt das Glück und blühet aller Segen! 1000 jähr. Linde m. Kapelle 50 Schwanebeck 50 |
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Schwanebeck is a small town in the Harz foothills of Saxony-Anhalt, and this 50 Pfennig note is a product of the Notgeld wave that swept German municipalities between 1919 and 1922 — when chronic small-coin shortages forced local authorities to print their own emergency currency. The Magistrat (town council) had no printing facilities of its own; Louis Koch in nearby Halberstadt handled the job, as it did for a number of smaller communities in the region.
Koch was a mid-tier commercial printer, not a specialist security firm, and the notes reflect that — functional rather than elaborate.