50 Pfennig

Neustrelitz was the former capital of the Grand Duchy of Mecklenburg-Strelitz, and the town's issuing authority was quick to lean on that dynastic prestige during the notgeld boom — though the duchy itself had ceased to exist with abdication in 1918. By 1921 the acute coin shortage that had driven emergency municipal issues across Germany was beginning to ease, making late-series pieces like this one shorter-lived in circulation than the better-known 1919–1920 waves.

Amt Kömpfe in Jena produced a considerable volume of municipal notgeld for smaller Thuringian and north German towns; their print quality is generally reliable but rarely distinguished. The Bürgermeister signature reads Heupe; the Stadtrat countersignature has not been legibly recorded.