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Germany German notgeld Saxony, Prussian province of Mücheln,

50 Pfennig-UNC.
Features

Issuer City of Mücheln (Prussian province of Saxony) 
Period Weimar Republic (1918-1933)
Type Local banknote
Year 1921
Value 50 Pfennigs (50 Pfennige) (0.50)
Currency Mark (notgeld, 1914-1924)
Composition Paper
Shape Rectangular
Demonetized Yes

Notgeld ( for 'emergency ' or 'necessity money') refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This usually occurs when not enough state-produced money is available from the . In particular, notgeld generally refers to money produced in  and  during  and the .

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