50 Pfennigs

Gollnow — now Goleniów in northwestern Poland — was a small Pomeranian market town that, like hundreds of German municipalities in 1921, issued its own emergency currency (Notgeld) to plug the chronic small-change shortage that plagued the early Weimar Republic. The Reichsbank simply could not produce low-denomination coin fast enough as inflation began eroding metal's intrinsic value.

The printer, Ratsdruckerei R. Dulce in Glauchau, Saxony, was a regional municipal print house that handled Notgeld commissions from towns well outside its immediate area — a common arrangement, since many local printers lacked the equipment for currency-grade work. Gollnow itself had a population of only a few thousand, which kept original issue quantities modest.