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50 Pfennigs Kaufmännischer Verein

Issuer Der kaufmännische Verein Bernstadt (Merchants' Association of Bernstadt, Silesia)
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Obverse lettering Stadt Bernstadt in Schlesien
Fünfzig Pfennig
Der kaufmännische Verein
Ungültig drei Monate nach Aufruf in den amtlichen Blättern
(Translation: City of Bernstadt in Silesia
Fifty Pfennig
The commercial association
Invalid three months after publication in the official papers)
Reverse description Green geometric tiling underprint identical to the obverse fills the field, framed by a serrated black border. Narrow side panels at left and right each carry the numeral 50 in bold type flanked by ornamental rosette cartouches at corners. The central panel bears the issuer name and voucher text in Fraktur script above the denomination rendered in large blackletter.
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Comments

Bernstadt, known today as Bierutów in Lower Silesia, was among the hundreds of small German towns that issued emergency currency — Notgeld — during the severe coin shortages of 1917–1922. The Kaufmännischer Verein, a local merchants' association rather than a municipal or banking authority, was an unusual issuer even by Notgeld standards; most such associations left currency issuance to the town council or savings bank. That a trade guild stepped in suggests the local administration was either unwilling or simply too slow.

Collector demand for Bernstadt Notgeld has always been thin, which keeps prices honest.

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