50 Pfennig

Eilenburg's 1921 Notgeld issue belongs to the second wave of German municipal emergency currency, when the Reichsbank's coin shortage had become chronic enough that even mid-sized Saxon towns were authorized to print their own fractional denominations. The Magistrat — the town's elected municipal council — acted as issuer rather than a savings bank or chamber of commerce, which was relatively common for Eilenburg but not universal across Saxony.

The DeNG reference suffix distinguishes this as one of several distinct types within the 315 series, meaning Eilenburg produced multiple Pfennig denominations or design variants during the same period. Collectors should verify the precise type against the series numbering carefully — conflation between closely numbered Eilenburg pieces is a known cataloging headache.