Chicago OldMoney Rare Coin Collection 22 Part 2 Day 2
By Key Date Coins
Contact auction house
May 19, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
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LOT 3517:
1921 Grundhof, Germany 50 Pfennig Local Notgeld Hyperinflation Note Grades Gem CU. Notgeld is German for ...
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Start price:
$
5
Estimated price :
$25 - $100
Buyer's Premium: 18%
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1921 Grundhof, Germany 50 Pfennig Local Notgeld Hyperinflation Note Grades Gem CU. Notgeld is German for "emergency/necessity money". Notgeld typically refers to German and Austrian notes produced in the post-WWI period. Somewhat similar to Depression Scrip in the USA, these notes were issued when there wasn'te nough state-produced money available from the central bank. Issuing institutions were often a town's savings banks, municipalities, or 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.
