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50 Pfennig

Issuer Gera (Thuringia), City of
Year 1921
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Obverse lettering GERA-REUSS
WIRD VON ALLEN STADTKASSEN IN ZAHLUNG GENOMMEN
DER SCHEIN VERLIERT SEINE GÜLTIGKEIT AM 1. APRIL 1922
GERA AM 1.5.1921
DER STADTRAT
50 PF
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Reverse lettering REICH + UND + BLUEHEND
DURCH + RASTLOSES + WEBEN
50 PF
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Comments

Gera's 1921 Notgeld issue belongs to the wave of municipal emergency currency that flooded Germany as post-WWI coin shortages left small transactions impossible. The Thuringian city, like hundreds of others, printed its own fractional notes under implicit tolerance from the Reichsbank rather than any formal authorization — a makeshift system that worked until hyperinflation made the denominations meaningless anyway.

The watermarked paper distinguishes this from cheaper Notgeld struck on plain stock, suggesting the city used pre-sourced security paper rather than whatever was available locally.

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