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| 正面描述 | Orange and brown Notgeld on cream paper, enclosed within a dark border with a fine guilloche underprint of radiating sunburst and diamond lattice patterns. The denomination '25 Pfg.' appears at upper left in bold Gothic script alongside the municipal arms of Glashütte — a shield bearing crossed hammers above a clockface — printed in orange and black. Below, the value 'Fünfundzwanzig Pfennige' is set in large ornate Fraktur lettering, followed by the redemption text and issuing authority 'Stadtverwaltung Glashütte (Sa.)' with the date 'am 1. August 1921', a facsimile signature above the title 'Bürgermeister', and a red serial number at right; an embossed dry seal of the municipality is visible at lower left. |
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| 防伪描述 | Embossed dry seal of the Stadtverwaltung Glashütte at lower left of obverse, bearing the municipal arms with crossed hammers. |
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Glashütte, a small Saxon town whose identity was already inseparable from precision watchmaking by 1921, issued this Notgeld during the acute small-change famine that followed Germany's postwar inflation spiral. Municipal authorities across Saxony were printing their own fractional currency by the thousands during this period, but Glashütte's use of Max Rönisch — a Dresden commercial printer with a solid regional reputation — and an embossed seal rather than a simple overprint suggests the Stadtverwaltung was at least making a show of legitimacy.
The embossed seal is the only security feature, which tells you how low the bar was in 1921.