50 Pfennig - Neustadt an der Aisch

Neustadt an der Aisch issued this iron notgeld piece in 1917 as the German military's wartime requisitioning of copper, nickel, and brass left municipal authorities with no viable alternative for small-denomination coinage. Iron was the stopgap across hundreds of German towns simultaneously, which is why catalog numbers for these issues run into the tens of thousands. The Funck reference places this among a numbered series from the town, suggesting multiple denominations or types were struck under the same emergency authorization.