50 Pfennigs

Freiburg in Silesia — now Świebodzice, Poland — issued this Notgeld in 1919 during the acute small-change famine that followed the First World War. German municipal authorities across the country were issuing their own emergency pfennig notes at this point, largely because the Reichsbank could not keep pace with the demand for low-denomination currency in the economic chaos of the immediate postwar period. The printer, Grube & Schneider, was a local firm operating in the same town that issued the note — an unusual coincidence of issuer and press geography that was not the norm for Silesian Notgeld.