50 Pfennig Rees

Rees is a small Rhine town in the lower Rhineland, and like hundreds of German municipalities in 1920 it resorted to privately printed Notgeld when official coinage remained essentially absent from everyday commerce — a shortage that had begun during the war and never properly resolved. Schleicher & Schüll, better known as a manufacturer of filter and laboratory papers, took on substantial Notgeld printing work during this period out of Düren.

The 50 Pfennig denomination was among the most actively circulated Notgeld values, small enough for routine transactions but large enough to justify the printing cost per note.