1921 Glauchau Germany 1/2 Mark Notgeld Set of 2 - Silhouette Series, No. 4 and 5 - 1921 German Emergency Currency 50 Pfennig Notes

This listing is for the photographed 1921 Glauchau 50 Pfennig/ Half Mark German Emergency Notgeld Set of 2. Issued by the Municipality of Glauchau, Germany in the years following World War I. Includes two 50 pfennig notes that have varied reverse designs of silhouette scenes, labeled as number 4 and 5. This is an incomplete set, as it does not include all design variations from the series. Uncirculated (UNC) grade/condition, crisp notes! Excellent condition and an interesting piece of history!

Notgeld was a form of emergency currency that was issued by individual German municipalities or institutions immediately after the First World War when Germany was experiencing a severe economic depression. Most notgeld contained an expiry date, after which the note was deemed invalid. The issued notes of individual municipalities and institutions pulled power from the national Reichsbank and helped to counter currency shortages from the war. Printed using recycled materials, these notes became a popular collector's item because of their attractive colors and designs, leading to the overprinting of notes and eventually hyperinflation.

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1921 Glauchau Germany 1/2 Mark Notgeld Set of 2 - Silhouette Series, No. 4 and 5 - 1921 German Emergency Currency 50 Pfennig Notes