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| 正面铭文 | GÜLTIG BIS ZUM ABLAUF DESJENIGEN MONATS, DER AUF DEN MONAT FOLGT, OELS I/SCHL. JOHANNES 1. X. 1920 fünfzig Pfennig DER KAUFMÄNNISCHE VEREIN OELS IN DEM DER KAUFMÄNNISCHE VEREIN OELS ZUR RÜCKGABE AUFGEFORDERT HAT. GRASS BARTH & COMP. / W. FRIEDRICH · BRESLAU |
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| 背面铭文 | 50 Pf. 50 Pf. |
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The Kaufmännischer Verein Oels — the merchants' association of Oels (now Oleśnica, Lower Silesia) — was among hundreds of German commercial and civic bodies that resorted to privately issued Kleingeldersatz in 1920, when severe coin shortages left small transactions nearly impossible. This note is a product of that shortage, not of any banking authority. Grass, Barth & Comp., trading as W. Friedrich in Breslau, handled a significant share of Silesian notgeld production during this period and turned around orders for dozens of local issuers within the same print runs.
Oels was a modest provincial town; its merchants' association had no special monetary standing, which is precisely why these pieces circulated only locally and briefly.