50 Pfennigs

Schierke sits at the foot of the Brocken — the highest peak in northern Germany and a site so wrapped in folklore that Goethe set the Walpurgisnacht scene of Faust there. The municipality issued this Notgeld during the severe small-change shortage that followed Germany's post-WWI monetary disruption, when towns across the country printed their own emergency fractions rather than wait for Berlin to supply coins that simply weren't coming.

Louis Koch of Halberstadt produced a considerable volume of municipal Notgeld for communities throughout the Prussian Province of Saxony during this period. Schierke's issues were short-lived — the Rentenmark stabilization of 1923 rendered all such local paper redundant within two years of printing.