50 Pfennig Federal Treasury Note

West Germany's small-denomination treasury notes — the Bundeskassenscheine — occupied an odd administrative space: technically issued by the Finance Ministry rather than the Bundesbank, they circulated alongside coins as fractional currency and were never considered part of the formal banknote series. The 1967 issue was the last time the Federal Republic bothered printing paper at this denomination; rising coin production capacity made it redundant almost immediately.

Bundesdruckerei had been printing continuously in Berlin since the postwar reconstruction of its facilities, and this note is among the more anonymous products of that press — functional, short-lived, and quietly withdrawn once coin supply stabilized.