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50 Pfennig Spar- und Leihkasse

Issuer Spar- und Leihkasse der Landgemeinde Helgoland
Year 1919-1921
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Printer H. W. Köbner & Co. GmbH, Altona, Germany
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Reverse description The reverse is dominated by a central vignette of the famous Lange Anna sea-stack and the dramatic red sandstone cliffs of Heligoland, rendered in a tonal letterpress print. Below the vignette the coloured coat of arms of Helgoland is centred between the inscription 'Insel Helgoland', flanked by large acanthus-scroll ornaments at lower left and right. At the top, the traditional Heligolandic motto in the local Frisian dialect is set in four lines within the decorative border, with '50 Pf.' repeated at each upper corner.
Reverse lettering Grön es dat Lunn
Road es de Kant
Wit es det Sunn
Det es de Wöpen vant helige Lunn.
Insel Helgoland
50 Pf.
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Helgoland's postwar notgeld issues are a direct consequence of the island's peculiar administrative limbo. Ceded by Britain to Germany in 1890, the island retained certain customs exemptions and a distinct local identity that made its wartime and immediate postwar economy function semi-independently from the mainland. The Spar- und Leihkasse — the savings and loan cooperative of the rural community — was one of several local institutions that issued emergency fractional currency when small coin simply disappeared from circulation after 1914 and never fully returned.

Köbner in Altona printed for numerous northern German notgeld issuers during this period. The 70 × 45 mm format is notably small even by notgeld standards, which were already running small for low denominations.

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