50 Øre

Augustenborg issued this note in 1921, two years after the post-WWI plebiscite that returned northern Schleswig to Denmark. The municipality-level emergency currency — Notgeld in practice if not in name — filled a genuine gap during the monetary transition period, when Danish krone circulation in the newly reintegrated zone was still uneven. H. O. Persiehl in Hamburg was a prolific printer of municipal fractional notes across northern Germany in this period, which makes it mildly ironic that a newly Danish commune was still contracting across the border.

The design credit to both Jens Raben and Agnes Jürgensen is unusual — collaborative attribution on small municipal issues is rarely documented this precisely.