1921 Cranenburg Germany 1 Mark Perforated Notgeld - 2 50 Pfennig Notes - German Emergency Currency - 1921 German Municipality One Mark Note

This listing is for the photographed 1921 Cranenburg 1 Mark or Two 50 Pfennig German Emergency Notgeld. Issued by the Municipality of Cranenburg, Germany in the years following World War I. This is a unique note because of its issuance as both a 1 mark note, as well as two 50 pfennig notes, which a perforation down the center so they can be split for change. This is a rarer kind of notgeld because of its unique perforation. Each of the separate 50 pfennig notes has a different scene, one depicting Cranenburg in the year 1563 and the other depicting someone travelling from Holland to Cranenburg. Uncirculated (UNC) grade/condition, crisp note! 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 Cranenburg Germany 1 Mark Perforated Notgeld - 2 50 Pfennig Notes - German Emergency Currency - 1921 German Municipality One Mark Note