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| 正面铭文 | Serie I 50 Fünfzig Pfennige Der Magistrat der Stadt Waldenburg Schl. |
| 背面描述 | The reverse mirrors the obverse border treatment with a double-ruled frame and Greek key ornament. A green shield-shaped underprint bearing a foliate or oak-branch vignette occupies the centre, flanked at each corner by the large numeral '50' in bold black type. A two-part redemption text in blackletter script is arranged above and below the central vignette, stating the conditions for encashment at the Stadthautkasse Waldenburg i. Schl. within six months of the conclusion of peace. |
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Waldenburg in Schlesien — now Wałbrzych in southwestern Poland — was a coal-mining town whose municipal notgeld issues multiplied rapidly after 1917 as the Reichsbank's small-change shortage worsened. The Magistrat issued these 50 Pfennig notes as an emergency substitute for hoarded coins, a problem that hit industrial towns with large working-class populations particularly hard, since weekly wage payments required vast quantities of small denominations that simply weren't available.
Municipal notgeld from Silesian towns is often underappreciated relative to the more aggressively collected "serienscheine" of 1921–22. Waldenburg pieces tend to be utilitarian issues rather than the decorative collector-bait that many other municipalities produced.