50 Pfennig

Hamelin's 1922 Notgeld issue was produced during the hyperinflationary spiral that made municipal emergency currency a practical necessity across Weimar Germany. Appelhans in Braunschweig was a prolific Notgeld printer, supplying dozens of municipal issuers across Lower Saxony during this period — the Hamelin pieces are among the more collectible from that regional run, largely because the city leaned into its Pied Piper association with unusual consistency across the series.

Notgeld of this vintage rarely survived circulation in any quantity; the notes were redeemable for limited windows and most were surrendered or simply discarded when inflation made the face value meaningless within months of printing.