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50 Pfennigs

Issuer Magistrat der Bergstadt Lautenthal im Harz
Year 1921
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Shape Rectangular
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Obverse description Black and gold Notgeld printed in letterpress. Central vignette shows a large stylized numeral '50' within a triangle set against a sunburst underprint, flanked by two arched niches each containing a figure of a miner in traditional dress. The town seal appears at the base of the triangle. Issue text and magistrate signature run along the lower margin.
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Signature(s) König
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Comments

Lautenthal is a small silver-mining town in the Harz, and its 1921 Notgeld issue belongs to the second wave of German emergency money — by this point no longer purely a response to coin shortages, but increasingly a municipal revenue stream, with towns printing attractive series specifically for sale to collectors. The Harzer Graphia press in Wernigerode was a regional specialist in exactly this kind of decorative small-denomination issue, serving numerous Harz communities during the inflation years.

The single signature, König, likely represents a municipal treasury official rather than a bank director — Lautenthal had no independent banking institution of its own.

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