German Empire, City of Kiel, 50 Pfennigs (Notgeld) - 1918 CE - WWI Emergency Money

Includes an archival grade document sleeve.

• Origin: German Empire
• Authority: City of Kiel (Prussian province of Schleswig-Holstein)
• Date: 1918 CE
• Denomination: 50 Pfennigs
• Notes: 95 x 52 mm. Notgeld (German for “emergency money”) was a special currency that was originally issued in Germany and Austria to deal with the economic crisis and hyperinflation caused by World War I. Unlike official currency, these coins and paper bills weren’t issued by the central bank but by local municipalities, private companies, state-owned firms, town savings banks, and even prisoner of war camps. As a result, they weren’t legal tender but were accepted within local communities by mutual agreement. While many notgeld were issued specifically as emergency money, some were also issued for collectors during less inflationary periods.

All purchases include a Certificate of Authenticity. You will receive the exact item in the photos.