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| 正面描述 | The central field is occupied by a large circular vignette rendered in bold Art Deco graphic style, within which a tall wireless transmission mast with radiating guy-wires rises against a pale blue sky with white clouds. The vignette is framed by a solid black border with angular lightning-bolt ornamental elements at the left and right margins. The denomination '50' and abbreviation 'Pf' appear in stylised block lettering at the lower left and lower right corners respectively, with the printer's imprint 'Appelhans, Braunschweig.' at the lower right margin. |
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| 背面铭文 | Dieser Schein verliert seine Gültigkeit am 1. April 1922. Neustadt a. R., den 20. August 1921. Die Kreissparkasse Appelhans, Braunschweig. |
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Kreissparkasse Neustadt am Rübenberge was one of hundreds of German district savings banks that stepped into the small-change vacuum created by the postwar coin shortage — Kleingeldersatzmittel, as the bureaucrats termed it. By 1921 the Weimar inflation had not yet reached its catastrophic peak, but subsidiary coinage had effectively vanished from circulation, hoarded or melted, forcing local authorities to paper over the gap with their own emergency issues.
Appelhans Verlag in Braunschweig printed a significant volume of regional Notgeld during this period and was a competent commercial house rather than a specialist security printer — a distinction that mattered little at the time but shows in the modest production values of most issues from this run.