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50 Pfennig

Issuer Kreis Liebenwerda (District of Liebenwerda)
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Shape Rectangular
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Obverse description The obverse is printed on a warm reddish-brown ground with a decorative hatched border framing the entire note. The heading 'Kreis Liebenwerda' appears in Gothic script at the top centre, flanked by two heraldic shields bearing local armorial devices. The denomination 'Fünfzig Pfennig' is set in large, bold Gothic lettering at the centre, above the issuing authority legend 'Der Kreisausschuß', followed by a row of manuscript facsimile signatures and a lengthy redemption clause in small Gothic text at the foot.
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Reverse lettering 50
Kreishaus Liebenwerda
50
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Comments

Kreis Liebenwerda was a rural administrative district in the Prussian Province of Saxony, and like hundreds of similar German municipalities, it issued its own emergency paper currency — Notgeld — during the severe coin shortage that followed the First World War. The 50 Pfennig denomination was among the most commonly produced values in these local series, serving everyday small transactions when metal coinage had effectively disappeared from circulation.

District-level Notgeld was redeemable only within the issuing jurisdiction, which kept most pieces local and often led to mass redemption and destruction once the crisis eased — a fact that cuts both ways for surviving examples.

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