50 Pfennige

Malchin is a small market town in Mecklenburg, and like hundreds of German municipalities it resorted to locally authorized emergency currency — Notgeld — during the acute coin shortage that followed the First World War. The Lehsten firm in Charlottenburg was one of several Berlin-area printers that serviced municipal Notgeld contracts in bulk, which means the physical production quality here is competent but not the product of any specialized security printing house.

Mecklenburg municipal Notgeld from this period was rarely over-printed in large quantities, and many issues were redeemed quickly once Reichsbank subsidiary coin supply recovered in the early 1920s.