50 Pfennigs J. Rosenfelder

发行方	J. Rosenfelder, Bamberg (notgeld) (Federal state of Bavaria)
年份	1920
类型	Local banknote
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正面描述	Cream-coloured note with an ochre-yellow arabesque underprint of stylised foliate scrollwork forming a decorative border and central diamond motif. The denomination heading '50 Pf. Gutschein' is set in bold blackletter script at top, followed by the conditions of use in Gothic text and the issuer signature 'J. Rosenfelder, Bamberg' at lower right. A serial number appears at lower left.
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背面铭文	GUTSCHEIN 50 Pfennig bei J. ROSENFELDER BAMBERG
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备注	Rosenfelder was a Bamberg retail business — the kind of firm that issued notgeld not as a collectible speculation but out of genuine small-change necessity during the coin shortage that followed Germany's defeat and the economic disruption of 1919–1920. Municipal and commercial notgeld flooded Bavaria in this period precisely because the Reichsbank could not supply enough fractional coinage to keep ordinary retail trade moving. Private commercial issuers like this were legally tolerated rather than sanctioned, and most were redeemed and withdrawn once the acute shortage eased. The Bamberg area produced dozens of such local issues in 1920, most in very small print runs.

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