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| 正面描述 | Light green guilloche underprint on cream paper, with the Dresden civic coat of arms — a quartered shield bearing the Saxon lion and black-and-gold stripes, surmounted by a crowned eagle — centred in the upper portion. Denomination rendered in large gothic script reading 'Fünfzig Pfennig' flanking the arms, with the numeral '50 Pf' in bold at upper right. The issuing authority inscription 'Der Rat zu Dresden im Februar 1921' appears below in italic script above a facsimile signature, with validity and redemption conditions printed in a dark panel at the foot of the note, and the printer's imprint 'JOHANNES PÄSSLER, DRESDEN N.' below. |
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| 背面铭文 | GÜLTIG IM BEZIRKE DER STADT DRESDEN REIHE L No 96004 |
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Dresden's 1921 50 Pfennig Notgeld sits squarely in the inflationary emergency that swept German municipalities after the Reichsbank failed to supply adequate small-denomination coinage — a shortage made acute by postwar metal scarcity and currency hoarding. Hundreds of German towns issued their own paper Kleingeldersatz in these years, and Dresden was no exception, commissioning local printer Johannes Pässler in Dresden-Neustadt rather than routing the work through a larger national printing house.
Pässler's output for the city tends toward clean letterpress work without the elaborate artistic pretensions of some collector-oriented Notgeld series. Dresden's issues were functional instruments, not produced primarily for the souvenir trade.