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50 Pfennig - Harburg Schlosswerft R. Holtz

Issuer Schlosswerft R. Holtz, Harburg
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Reference(s) Men05#10946.4, Men18#13715.4
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Reverse description Outer pearl border frames the entire reverse. The circular legend KLEINGELDERSATZMARKE (small change substitute token) runs around the upper and lateral periphery of the field, bounded inward by a second concentric pearl circle. Within this inner ring, the large numeral 50 is prominently displayed in the center of the field, denoting the denomination of 50 Pfennig. Three five-pointed stars are spaced evenly along the lower arc between the two pearl borders, serving as decorative separators.
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Harburg's Schlosswerft — the castle shipyard — issued zinc notgeld tokens during the post-WWI shortage of small change that gripped German industry between roughly 1917 and 1923. Private firms, transit companies, and individual factories across Germany produced their own substitute coinage when the imperial and later republican mints could not keep fractional currency in circulation. R. Holtz's issue is a workplace token in the strictest sense: it moved within a closed economic loop, likely redeemable only at the company canteen or against wages.

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