50 Pfennig

Grünberg — now Zielona Góra in western Poland — was a center of the Silesian wool and textile trade, and its municipal notgeld issues of the early 1920s were printed locally rather than sourced from the major Leipzig or Berlin printers that supplied most German towns during the inflation-era emergency currency surge. Julius Fiedler Nachfolger was a local print house, which accounts for the modest production quality typical of these Grünberg pieces relative to the more elaborate notgeld from larger municipalities.

The 1922 date places this firmly in the transitional phase between the controlled notgeld of 1918–1921 and the hyperinflationary collapse that rendered such small denominations worthless within months.