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50 Pfennig
| Issuer | Stadt Malchin (City of Malchin) |
|---|---|
| Year | 1922 |
| Type | Local banknote |
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| Obverse description | The left half of the obverse is dominated by the municipal coat of arms of Malchin rendered in bold red and yellow: two crenellated towers flanking a black cross, with a crowned bull's head at the base, all set within a decorative black border with a yellow ornamental frame. To the lower left, the denomination '50 Pf.' is rendered in large Gothic script in white and red. The right panel, set against a white ground, carries the issuing authority inscription in Fraktur typeface alongside a large yellow underprint numeral '50', validity clause, and two manuscript signatures above the text 'Der Rat'. |
|---|---|
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| Reverse lettering | Dei Reis' is ut, hier is Malchin, Nu lat man reisen desen Schien. Bahnhof Pfennige Pfennige 50 50 |
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| Comments |
Malchin is a small market town in Mecklenburg, and like hundreds of German municipalities in the early 1920s, it issued its own Kleingeldersatz — fractional emergency money — to compensate for the chronic shortage of low-denomination Reichsmünzen that had effectively vanished from circulation as inflation eroded their metal value. Paul Lehsten operated out of Charlottenburg, a western district of Berlin that housed several small commercial print shops supplying the enormous demand from local authorities scrambling to produce notgeld on short notice.
The 1922 date places this squarely in the transitional phase before hyperinflation made fractional notes irrelevant within months.