50 Pfennigs

Garstedt was a small Holstein community that, like hundreds of German municipalities in the early 1920s, was forced to print its own subsidiary coinage substitutes as the Reichsbank failed to keep low-denomination metal and paper currency in adequate supply. This particular Kleingeldersatz note — emergency small-change money — was produced by Konrad Hanf in Hamburg, a commercial printer that handled similar commissions for multiple northern German localities during the same period.

The issuing authority ceased to exist as an independent municipality when Garstedt was incorporated into Norderstedt in 1970.