50 Pfennigs

Nördlingen's 1919 emergency money belongs to the vast wave of German municipal Notgeld issued as the central government's coin supply collapsed in the final war years and immediate postwar chaos. What distinguishes this particular note is the involvement of Gebrüder Parcus, the Munich firm that handled an enormous volume of Bavarian civic printing and brought genuine craft to what other towns treated as a purely administrative stopgap — the watermarked paper here being a deliberate quality choice, unusual for a 50-Pfennig denomination.

Sigm. v. Weech's designer credit is worth noting; civic Notgeld with named designers is less common than the unsigned majority.