50 Pfennig

Gnoien is a small market town in Mecklenburg, and like hundreds of similarly modest German municipalities, it issued Notgeld during the early 1920s inflationary crisis when Reichsbank notes in small denominations became effectively unavailable. The Stadt Gnoien series of 1922 sits in the middle phase of municipal emergency currency — after the wartime shortages but well before the catastrophic hyperinflation of late 1923 that rendered all such issues worthless within months of printing.

The GrM reference places this within the Grabowski-Mehl Notgeld catalogue, the standard reference for German local issues. The suffix notation "1a-3/3" indicates this is the third sheet position of the third type variant in the series.