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| 正面描述 | The obverse is printed in black and yellow-gold on a cream ground, with a bold woodcut-style vignette at centre showing two crossed arms presenting the Neuhaldensleben municipal coat of arms — a crenellated tower above a key and gate — against a spiked decorative surround in blue-grey. The denomination '50 PF' appears in large yellow numerals at upper left and upper right. A ribbon banner below the vignette carries the issuer inscription and validity clause, with the industry legend 'HANDSCHUHINDUSTRIE' in a lower panel. |
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| 背面描述 | The reverse is printed in black on an orange-tan ground in a bold woodcut style, with a panoramic industrial silhouette of a large factory complex with tall smoking chimneys occupying the upper half of the field. Stacks of stoneware cups and jugs flank the central vignette on both sides. A ribbon scroll in the lower portion carries a three-line rhyming verse in German, with the industry legend 'STEINGUTFABRIKEN' beneath. |
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Neuhaldensleben, a mid-sized town in Prussian Saxony, issued this Notgeld during the inflationary spiral that followed Germany's post-WWI reparations obligations. Municipal authorities across Germany were authorized to print emergency fractional currency when the Reichsbank could no longer supply adequate coin and small-denomination notes — by 1922, that shortage had become acute, with hoarding and melting driving pfennig coinage almost entirely out of circulation.
The Stadt series from Neuhaldensleben is not among the more heavily documented Notgeld issues, which makes precise print-run figures difficult to establish. Many comparable municipal issues were deliberately over-printed for collector sale rather than circulation, a practice that was widespread by 1921–22.