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50 Pfennig

发行方 Emmendingen, City of
年份 1921
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印刷机构 Gebrüder Parcus, Munich, Germany
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正面描述 Printed in black, blue, and red on a yellow underprint, the obverse bears the municipality name in letterpress across the top, flanking a central vignette of the Emmendingen civic coat of arms with the denomination numeral appearing on either side. Validity and redemption conditions are set in text beneath the arms, with the printer's imprint of Gebrüder Parcus, Munich at the foot alongside a manuscript signature of the municipal council.
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背面描述 Printed in black on yellow within a decorative border, the reverse carries a pictorial vignette of a seated male figure resting beneath a tree, gazing toward a village set against a mountain backdrop in a scene evoking the Alt-Emmendingen landscape. A quotation from Goethe's Hermann und Dorothea is inscribed beneath the vignette, lending the note a distinctly regional and literary character.
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Emmendingen's 1921 Notgeld issue was printed by Gebrüder Parcus in Munich, one of the more prolific producers of small-denomination emergency currency during the inflationary period that followed Germany's defeat in World War I. The municipal Notgeld system was never a central bank operation — it was driven by a genuine shortage of small-change coinage, with individual towns contracting commercial printers to plug the gap while the Reichsbank struggled to keep pace with demand.

Gebrüder Parcus produced issues for dozens of municipalities, which means plate quality and paper stock were generally consistent across their catalog runs — distinguishing individual town issues by condition alone is unreliable.

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