FREE: 1921 Notgeld 50 Pfinnig Neuhaus Uncirculated

The listing, 1921 Notgeld 50 Pfinnig Neuhaus Uncirculated has ended.

The first large issue of Notgeld started at the outbreak of World War I. Due to inflation - caused by the cost of the war - the value of the material that a coin was minted from was higher than the value of its denomination. Many institutions started to hoard coins. Additionally, the metals used to mint coins were needed for the production of war supplies. This caused a massive shortage of metal for coinage, which was remedied by issuing banknotes in small denominations.

As these banknotes were very colorful, they soon became a target for collectors. As the issuing bodies realized this demand, they continued to issue these notes beyond their economic necessity up till 1922. Quite often the validity period of the note had already expired when the notgeld was issued. The sets that were issued in 1920 and predominantly in 1921 were usually extremely colourful and depicted many things, such as local buildings, local scenes and local folklore/tales.
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