50 Pfennig - Neumarkt i.d.Opf.

Neumarkt in der Oberpfalz issued this emergency coin — Notgeld — in 1921 as Germany's postwar coinage shortage left municipalities scrambling to supply small change. Iron was an uninspiring but practical choice by this point; the metal had flooded civic minting after copper and nickel became restricted during the war years. Neumarkt, a modest Bavarian market town with no particular monetary infrastructure, was one of hundreds of smaller communities forced into the role of currency issuer by circumstance rather than authority.

The Funck 366.2A designation places this among documented die variants for the issue.