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| 正面描述 | Printed in black and orange on cream paper, the obverse is dominated by a large orange numeral '50' at centre, overlaid by two diagonal black banners inscribed 'PFENNIG' in orange lettering, with orange four-pointed stars at the corners. The lower portion carries a circular town arms vignette at left alongside the issuer legend 'SPAR- u. DARLEHNSKASSE, Eingtr. Gesellschaft m unbeschr. Haftpflicht, DAHLENBURG', date '1. Nov. 1920', a facsimile signature, and the validity clause 'GÜLTIG BIS ZUM 31. DEZ. 1922'. The place name 'DAHLENBURG' appears in large orange Gothic lettering across the bottom, with the printer's imprint 'FRANZ SCHERRER, HANNOVER' in the lower left margin. |
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| 背面描述 | The reverse is printed in black and orange on an orange ground, with a bold silhouette vignette of the Dahlenburg townscape — dominated by the distinctive church spire — set against a white cloud formation. The denomination '50' appears in large black numerals at all four corners, with 'NOTGELD VON 50' across the top flanked by stylised Fraktur numeral devices. A ribbon scroll in the lower portion carries a patriotic verse in German Gothic script, with the place name 'DAHLENBURG' rendered in large block letters across the centre. |
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Dahlenburg is a small market town in Lower Saxony, and its cooperative savings and loan society — a Raiffeisen-type institution with unlimited member liability — issued this note during the acute small-change shortage that plagued Germany in 1920. The Reichsbank simply could not produce low-denomination coins fast enough to meet postwar demand, which pushed thousands of local bodies, from municipalities to cooperatives to factory canteens, into printing their own Kleingeldersatz. Franz Scherrer in Hanover was a regional jobbing printer who handled numerous such commissions across Lower Saxony that year.