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50 Pfennig Spar-und Leihkasse
| Issuer | Spar- und Leihkasse der Landgemeinde Helgoland |
|---|---|
| Year | 1919 |
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| Composition | Log in to see details |
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| In circulation to | 15 June 1919 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Fünfzig Pfennig Helgoland d.15.März 1919 Spar-und Leihkasse der Landgemeinde Helgoland Vorsitzender |
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| Protection type | Watermark |
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| Comments |
Helgoland's position in 1919 was genuinely peculiar: the island had been British from 1807 to 1890, when it was traded to Germany in exchange for Zanzibar and other East African concessions — a deal widely mocked in Britain as swapping a trouser button for a suit. By the time this Sparkasse note was issued, the island's population was cut off from the mainland financial system by postwar disruption, which is precisely why a local savings institution needed to print its own emergency fractional currency at all.
The watermark is a notable feature for a local Notgeld of this denomination and size — most comparable issues from small island or rural communities relied on plain stock.