50 Pfennig

Wittenberg's 1922 Notgeld issue belongs to the peak years of German municipal emergency money, when towns competed — sometimes absurdly — to produce decorative small-denomination scrip that collectors would hoard rather than spend. The city leaned into its reformational identity, as virtually every Wittenberg issue of the period did. The obverse credits "BHD" and the reverse "Christophe" — likely separate designers or studios contracted for each face, an arrangement not uncommon in the more ambitious Notgeld commissions where artistic credit was split deliberately.

Paper Notgeld of this type was officially invalidated by late 1923 when hyperinflation rendered the denominations meaningless. Unspent examples survived in bulk precisely because collectors kept them from circulation.