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50 Pfennig
| Issuer | Spar- und Creditbank zu Parey a. Elbe |
|---|---|
| Year | 1921 |
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| Composition | Paper |
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| Obverse description | Printed in a bold lithographic style combining black, red, and flesh tones on a beige ground, the obverse centres on a half-length portrait of a uniformed military officer with a moustache. A vertical band to the left carries three Iron Cross emblems inscribed 'W / 1914' alongside the black-white-red tricolour of the German Empire, while the heading 'Sonnen-Wende 1921' appears in heavy Gothic blackletter script at upper right, flanked by two further Iron Cross motifs above the large red numeral '50'. The issuing locality 'Parey a. d. Elbe' is lettered in ornate red Gothic script at lower right, with the denomination '50 Pfennige' in white at lower left. |
|---|---|
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| Reverse description | The reverse is printed in black on plain light paper over a faint guilloche underprint at centre. The upper portion carries a two-line redemption clause in Roman type stating the issuer's obligation to redeem the note, followed by a patriotic verse in eight lines of bold Roman type filling the central field. The lower portion bears the series designation 'Ausgabe A. Nr.' in Gothic display type with a stamped serial number, and the printer's imprint 'W. Wackernagel, Magdeburg.' in small Roman type at lower left. |
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| Comments |
Parey an der Elbe is a small town in Saxony-Anhalt, and its savings and credit bank was among thousands of German municipal and commercial institutions that issued emergency small-denomination notes — Notgeld — during the inflationary spiral of the early 1920s. The Reichsbank had effectively lost control of small change circulation by 1921, and local issuers filled the gap themselves. W. Wackernagel in Magdeburg was a regional commercial printer, not a specialist security press, which shows in the relatively plain production values typical of this tier of Notgeld issuance.
Parey's notes from this series are not considered scarce among collectors — the town issued widely and Wackernagel printed in volume.