50 Pfennig - Nürnberg A. Herbst and M. Ostertag Baugeschäft

German private emergency currency — Notgeld — issued by a Nuremberg construction firm during the acute small-change shortage that gripped Germany in the early 1920s. Businesses across the country were authorized to print or strike their own fractional currency when the Reichsbank could no longer supply adequate coinage, and building contractors were among the more unusual issuers. Zinc was the only practical option for firms without access to a proper mint's materials.

A. Herbst & M. Ostertag appear in no major industrial directory of the period, suggesting a mid-sized regional outfit rather than a large contractor.