50 Pfennig

Goch is a small town in the Lower Rhine region, and like hundreds of German municipalities in 1921–1923, it issued its own emergency paper money — Notgeld — to compensate for a chronic shortage of small-denomination coinage that the Reichsbank simply could not supply fast enough during the inflationary spiral. The Stadt Goch series was printed by Johannes Arndt in Jena, an unusual geographic pairing given the distance between the two towns, suggesting Arndt was one of the Notgeld trade printers actively soliciting municipal contracts across Germany during this period.

The DeNG reference suffix "1/6" indicates this is the first of six notes in the series — a detail worth tracking, as complete municipal sets from this period are considerably harder to assemble than individual pieces.