50 Pfennig

Bad Oldesloe is a small market town in Holstein, and like hundreds of German municipalities it resorted to issuing its own Notgeld during the postwar inflationary period when Reichsbank notes were either hoarded or physically unavailable in small denominations. Stadt issues of this kind were printed locally or through regional printers on whatever paper stock was at hand, which is why paper quality varies so dramatically across surviving examples — thin, brittle specimens are common, and edge fraying is endemic to the type.

The designer credit to O. Kurz is unusual enough to be worth noting; most municipal Notgeld of this class went unsigned.