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50 Pfennig Schutz und Trutzbund

Issuer Schutz- und Trutzbund, Rheinischer Gautag
Year 1922
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Value 50 Pfennigs (50 Pfennige) (0.50)
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Obverse description Large Fraktur title 'Notgeld' across the upper field, flanked left and right by swastika symbols and crossed oak-leaf sprays. A central horizontal banner carries the event inscription, with two lower text panels separated by an oak-leaf vignette. The border is a bold black-and-red octagonal frame over a pale guilloche underprint.
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Reverse description The word 'Schutz' in large Fraktur script occupies the central oval vignette over an oak-leaf underprint. Four circular '50 Pfennig' denomination medallions are placed at each corner, with swastika badges in hexagonal cartouches at left and right center and in shield-shaped cartouches at top and bottom center. Vertical red-black-white striped bars frame the design on both sides.
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Comments

The Schutz- und Trutzbund was a virulently antisemitic nationalist organization founded in Hamburg in 1919, one of the more aggressive völkisch groups to emerge from postwar German political chaos. That it issued emergency currency — Notgeld — at a Rhineland regional gathering (Gautag) in 1922 is a pointed reminder of how permissive Germany's hyperinflation-era small-change crisis was: virtually any organization with a printing contact and a plausible claim of local necessity could put paper into circulation.

The Reichsbank's inability to supply adequate small denomination coinage during 1921–22 created this opening, and nationalist and political groups exploited it freely. This piece is collected primarily as political ephemera rather than monetary history.

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