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Germany 50 pfenning 1921 Notgeld – City of Lorch am Rhein – 103 years old

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Notegelds or Smaller than bank notes. These are emergency Notes issued by states.

Original price was: ₹320.Current price is: ₹260.

SKU: FEGM1921 Categories: Tags: , , ,

Notgeld (German for ’emergency money’ or ‘necessity money’) is 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 central bank. In particular, notgeld generally refers to money produced in Germany and Austria during World War I and the Interwar period. Issuing institutions could be a town’s savings banks, municipalities and private or state-owned firms. Nearly all issues contained an expiry date, after which time they were invalid. Issues without dates ordinarily had an expiry announced in a newspaper or at the place of issuance.

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