50 Pfennig

Steinbach bei Bad Liebenstein is a small spa-adjacent village in the Thuringian uplands, and like hundreds of similarly sized German municipalities, it issued Notgeld during the severe small-change shortage that followed the First World War. These local emergency notes were printed cheaply and in low quantities, typically redeemed within months — which means genuinely circulated survivors are often in worse shape than the more famous collector-targeted Serienscheine issued slightly later.

Whether this was a purely functional issue or printed with one eye on collectors is the key question for any Thuringian Kleingeldschein of this period. The municipality's redemption records have not survived in accessible archives.