50 Pfennig

Steinbach bei Bad Liebenstein is a small spa-adjacent village in the Meiningen district of Thuringia, and like hundreds of similarly obscure German municipalities, it issued Notgeld during the acute coin shortage that followed the First World War. The Gemeinde-level issues of 1918–1922 were typically printed in small regional runs, often at local printers, with no central oversight on design or print quality — which accounts for the enormous variation collectors encounter across Thuringian village issues.

The GRM reference places this within the standard Grabowski-Mehl notgeld catalog for German small-denomination municipal emergency currency. Six varieties are recorded under the 1261.1A series.