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50 Pfennig

Issuer Stadtgemeinde Stuttgart
Year 1922
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Size 105 × 55 mm
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Obverse lettering 50 Fünfzig Pfennig Stadtkassenschein Gültig bis 31. März 1924 Stuttgart, 21. März 1922 Oberbürgermeister Stadtgemeinde Stuttgart
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Reverse lettering Das Hauptstätter Tor bei der Thorstraße erbaut 1478 abgebrochen 1817
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Comments

Stuttgart's 1922 50 Pfennig Notgeld was one of thousands of emergency municipal issues flooding Germany during the hyperinflationary spiral that followed the First World War. The Reichsbank's inability to supply sufficient small change drove cities, towns, and even individual businesses to print their own fractional currency — a legal gray area the central government tolerated because the alternative was worse.

Stuttgart's municipal issues from this period were produced locally, which kept turnaround fast but quality variable. Paper stocks differ noticeably across the series.

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