Notgeld 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 occurs usually when sufficient state-produced money is not available from the central bank. Most notably, notgeld generally refers to money produced in Germany and Austria during World War I and the Interbellum. Issuing institutions could be a town's savings banks, municipality 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
Collection
Banknotes
Made/Created
Date made
1918
Time Period
20th Century
Place of Origin
City
Beckum
State/Province
North Rhine-Westphalia
Country
Germany
Region
Central Europe
Continent
Europe
Banknote Details
Banknote Type
Notgeld
Currency
German Mark
Denomination
50 Pfennig
Issuing Authority
City of Beckum
Production Dates
Nov 1, 1918
Obverse
Transcription
Gutschein über
Fünfzig Pfennig
50 50
Beckumm 1.November
1918. Der Magistrat
Translation
Coupon about
Fifty pennies
50 50
Beckum November 1st
1918. The Magistrate
