50 Pfennigs

Oebisfelde was a small market town in the Magdeburg district, and like hundreds of similarly sized German municipalities in 1920, it resorted to printing its own emergency currency when chronic coin shortages made everyday commerce nearly impossible. The Neues Tageblatt — the local newspaper — served as the printer, a common arrangement in smaller towns where the press was the only facility capable of producing passable currency in quantity.

Notgeld printed by provincial newspapers tends to show uneven ink coverage and variable registration, artifacts worth examining on any example from this issuer.