50 Pfennigs Kaufmännischer Verein

发行方	Der kaufmännische Verein Bernstadt (Merchants' Association of Bernstadt, Silesia)
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尺寸	94 x 63 mm
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正面铭文	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)
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背面铭文	Stadt Bernstadt i. Schl. Gutschein über Fünfzig Pfennig (Translation: City of Bernstadt in Silesia Voucher for Fifty Pfennig)
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备注	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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