50 Pfennigs

Kalbsrieth is a village in the Kyffhäuserland district — a genuinely minor settlement to be issuing its own emergency currency. This note is a product of the Notgeld wave that swept Germany between 1921 and 1922, when chronic coin shortages and rampant inflation drove thousands of municipalities, no matter how small, to print their own fractional scrip. Adolf Forker of Leipzig handled a substantial volume of this municipal work, and their output for small Thuringian communities tends to be neat if undistinguished.

Kalbsrieth issues are uncommon simply because the issuing population was tiny.