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50 Pfennigs

Issuer Stadtgemeinde Stuttgart (City of Stuttgart)
Year 1922
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Currency Mark (1914-1924)
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Obverse description The left panel carries a large black vignette of the rearing horse from Stuttgart's civic arms against a fine guilloche underprint, with a serial number in teal below. The central field bears the denomination in bold blackletter script alongside the issuing authority text and validity date, set over a dense text-pattern underprint of repeated place names. A circular official seal of the Stadtgemeinde Stuttgart, again bearing the heraldic horse, is affixed to the right panel, with a facsimile signature of the Oberbürgermeister below the central text.
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Reverse lettering Der Bebenhäuser Hof Blick von der jetzigen Königstraße in den alten Stadtgraben im Jahr 1795
(Translation: The Bebenhausen Court, view from the present Königstraße into the old city moat in the year 1795)
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Comments

Stuttgart's 1922 Notgeld issues arrived at the height of Germany's inflationary spiral, when municipal authorities across the country were forced to produce their own small-denomination emergency money simply to keep local commerce functioning — the Reichsbank could not supply coins or low-value notes fast enough to meet demand. City-issued Kleingeldscheine of this period were typically printed locally, often by regional commercial printers rather than specialist banknote firms, which accounts for the variable paper quality and impression depth seen across the Stuttgart series.

Most 1922 municipal Notgeld was demonetized rapidly once hyperinflation rendered the denominations meaningless within months of issue.

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