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| 正面描述 | Blue-grey note with a geometric layout divided into three horizontal registers, each flanked by corner vignettes bearing the numeral '50' in bold relief on a hatched background. The upper register carries the issuer's title in bold blackletter script, the central register displays a Low German verse in a tan underprint panel, and the lower register contains the redemption pledge text. The printer's imprint appears at the lower left margin and the designer's name at the lower right. |
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| 正面铭文 | Notwechselgeld der Firma J. Iwersen Oldenburg i.H. Wi tövt nu up den dütschen Mann, De ut de Not uns helpen kann. - Gott lat uns ni to lange stahn un lat uns Volk ni ünnergahn. Dieser Schein wird von der Firma J. Iwersen Oldenburg in Holstein bis zum 31. Dezember 1921 eingelöst. Cruck: C. Fränckel Nchfg., C. Will, Oldenburg i/Holstein Wilhelm Johansen |
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This is Notgeld — the municipal and private emergency currency that flooded Germany between roughly 1916 and 1922 when official small-denomination coinage effectively vanished from circulation. J. Iwersen was a private commercial issuer, almost certainly a merchant or business in Oldenburg in Holstein, issuing scrip redeemable against his own credit rather than a public treasury. The printer, C. Fränckel Nchfg. C. Will, was a local Oldenburg firm — not a security printer in any formal sense, which is exactly why the technical standards across this class of notes vary so widely.
Designer credit to Wilhelm Johansen is unusually specific for a private Notgeld piece of this denomination.