50 Pfennigs

Benneckenstein is a small town in the Harz region of Saxony-Anhalt, and this note is a product of the Kleingeldschein crisis that gripped Germany after World War One — a near-total collapse of small-denomination coinage circulation that forced hundreds of municipal authorities to print their own emergency fractional currency. The Magistrat issued these notes under the same legal framework that briefly legitimized such local scrip during 1919 and into 1920, before the Reichsbank moved to suppress non-sanctioned issues.

Benneckenstein's series is among the more obscure Harz municipal emissions, with print runs and surviving quantities poorly documented in the major Notgeld references.