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50 Pfennig
| Issuer | Harzgerode, City of (Der Magistrat) |
|---|---|
| Year | 1921 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | DIESER SCHEIN VERLIERT SEINE GÜLTIGKEIT 3 MONATE NACH ÖFFENTLICHER AUFKÜNDIGUNG HARZGERODE DEN 7. JULI 1921 DER MAGISTRAT 50 Gutschein 50 LOUIS KOCH-HALDERSTADT |
| Reverse description | Central vignette reproduces a period engraving of the Alexisbad spa salon as it appeared circa 1860, with a low neoclassical building surrounded by half-timbered structures and a foreground animated by groups of promenading figures in mid-19th-century dress. A ribbon cartouche at the top of the vignette carries the caption 'DER SALON UM -1860-', while the denomination numeral '50' appears in large bold type at upper left and upper right. Lateral borders are filled with a distinctive mosaic or craquelure geometric underprint pattern, and the locality name 'ALEXISBAD' is set in large block capitals along the lower margin. |
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| Comments |
Harzgerode's 1921 Notgeld issue belongs to the great flood of municipal small-change notes that German towns were essentially forced to print as coin shortages — already acute during the war — persisted well into the early Weimar years. By 1921, the Reichsbank had still not restored a reliable supply of low-denomination coinage, leaving municipalities, merchants, and private firms to fill the gap themselves. Louis Koch in Halberstadt was one of dozens of regional printers who built a thriving side business serving this demand across the Harz region.
Collectors should note that Harzgerode issues from this period were produced in relatively small runs for a genuinely local circulation, which distinguishes them from the purely speculative "Serienscheine" towns were printing simultaneously for the collector market.