50 Pfennigs

Eilenburg's 1921 Notgeld issue belongs to the second wave of German municipal emergency currency — the inflationary period that followed the stabilization failures of 1920, when local authorities across Saxony were still plugging gaps left by chronic small-change shortages. The Magistrat here contracted Liersch, a printer active in producing regional Notgeld runs, to produce what amounts to a purely functional low-denomination note rather than the decorative collector-targeted "Serienscheine" that other municipalities were issuing simultaneously for profit.

The DeNG 1#315.3 reference distinguishes this as a specific signature variant — Troßelian and Vockrodt — within the Eilenburg series, meaning at least one other authorizing combination exists for this denomination.