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50 Pfennig
| Issuer | Schwäbisch Gmünd, City of |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
| Value | 50 Pfennigs (50 Pfennige) (0.50) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein von Schw. Gmünd 50 Pfennig Nachahmung strafbar nur gültig bis 31. Aug. 1923 Schw. Gmünd 1. Sept. 1921 |
| Reverse description | Log in to see details |
| Reverse lettering | 50 PF. LÄCHELND BÜCKT DAS BILD SICH NIEDER AUS DER LEBEN=LOSEN RUH WIRFT DEM ARMEN SOHN DER LIEDER HIN DEN ZWEITEN GOLDNEN SCHUH VOLL ERSTAUNEN STEHT DIE MENGE UND ES SIEHT NUN JEDER CHRIST WIE DER MANN DER VOLKSGESÄNGE SELBST DER HEILGEN TEUER IST |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Schwäbisch Gmünd was among hundreds of German municipalities that issued their own emergency fractional currency during the postwar inflation crisis of 1919–1923 — Notgeld, in the strict sense. The city's 50 Pfennig notes from 1921 fall into the later, collectible-oriented wave of municipal issues, when local authorities recognized that philatelists and Notgeld collectors were hoarding rather than spending the notes, effectively providing towns with interest-free credit.
That commercial logic drove increasingly elaborate local designs in this period. Whether Gmünd's series was printed locally or contracted out to one of the specialist Notgeld printers active in Stuttgart or Leipzig at the time is not recorded in the standard references.