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50 Pfennigs
| Issuer | Stadt Ballenstedt (Magistrat) |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark |
| Protection description | Oval watermark patterns |
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| Comments |
Ballenstedt, a small Harz resort town under the Duchy of Anhalt, issued this Notgeld during the severe small-change shortage that followed World War I. Municipal authorities across Germany were authorized — or simply pushed by necessity — to print their own fractional currency when Reichsbank coin and low-denomination paper failed to reach local circulation in adequate quantities. Ballenstedt's issue is among the more modest of the 1920 wave, carrying a watermark that distinguishes the 61.2 variety from the otherwise nearly identical 61.1.