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50 Pfennigs

Issuer Stadtrat Kronach (City Council of Kronach, Bavaria)
Year 1921
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Composition Paper
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Reverse description The central vignette bears the heraldic coat of arms of Kronach — a quartered shield with roses and crowns, supported by two classically rendered male figures in red and black — set within an elaborate baroque cartouche surmounted by scrollwork and a torch finial. Flanking panels on each side carry the denomination numeral '50' in an oval surround. The designer's name 'F. SCHWARZ' is lettered at the base of the central vignette.
Reverse lettering Kronach
Fünfzig
Pfennig
50
F. SCHWARZ
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Comments

Kronach notgeld from 1921 places this squarely in the second wave of German municipal emergency currency — after the wartime shortages but before hyperinflation made small-denomination paper essentially worthless by late 1922. The Stadtrat was one of hundreds of Bavarian municipal bodies issuing their own scrip to compensate for a chronic shortage of Reich coins still not flowing adequately through local commerce.

F. Schwarz is credited as designer, suggesting local artistic commission rather than a standard commercial printer's stock layout. Kronach's notes under this series are catalogued at DeNG 2#747.1, indicating a documented but modestly collected issue.

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