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50 Pfennig

Issuer Rat der Stadt Annaberg (City Council of Annaberg, Saxony)
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Reverse description Blue-grey design centred on two circular vignettes joined by a decorative tassel and laurel motif: the left vignette shows a craftsman or lace-maker at work, while the right vignette shows an industrial or mining scene with a worker at machinery. Radiating line guilloche fills the background, and the denomination numeral '50' appears in each corner. A circular legend reading '50 FÜNFZIG PFENNIG' frames both medallions.
Reverse lettering 50 FUNFZIG PFENNIG
50
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Comments

Annaberg's Notgeld issues belong to the first wave of municipal emergency money that flooded Germany after 1914, when hoarding stripped small-denomination coinage from circulation almost immediately. The city council — like hundreds of other German municipalities — was left to plug the gap with paper, operating largely outside any central banking framework.

Annaberg itself had a long history as a silver-mining town in the Erzgebirge, which lends a certain irony to its citizens being forced to conduct daily transactions in printed scraps of paper.

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