50 Pfennig - Schwäbisch Hall

发行方	City of Schwäbisch Hall (Notgeld)
年份	1918
类型	Emergency coin
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背面描述	Within a beaded inner rim, the large denomination numeral '50' dominates the central field, with the abbreviation 'PF' (Pfennig) positioned immediately below. The date '1918' is split to either side of the numeral, with '19' to the left and '18' to the right. The legend 'KLEINGELD' arcs across the upper periphery and 'ERSATZMARKE' curves along the lower periphery, together identifying the piece as a small-change substitute token. The design is boldly struck in a functional, unadorned style characteristic of World War I German municipal notgeld.
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边缘	Plain
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附加信息	Schwäbisch Hall issued iron Notgeld in 1918 as the Imperial German war economy had stripped copper, nickel, and zinc from civilian coinage to feed munitions production. Iron was the last viable substitute. Municipal issues like this one filled the gap left by the collapse of small-change distribution from Berlin, with individual cities and towns granted emergency authority to produce their own circulating tokens — a delegation of monetary function that would have been unthinkable a decade earlier. Iron pieces from this period corrode aggressively in anything but dry storage. Survivors in undamaged condition are genuinely scarce.

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