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| 正面铭文 | Zweihundertfünfzig Mark Notgeld der Stadt Mühlhausen i. Th. 250 Mark Mühlhausen i. Th., 15. Oktb. 1922 Der Magistrat: Smith Oberbürgermeister Koppel Stadtrat Mühlhausen in Thüringen und der Bauernkrieg 1523–1525 zahlbar bei der Stadtkasse nach ortsüblichem Aufruf Die Gültigkeitsfrist: zwei Monate No. 007772 |
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| 防伪描述 | Hand-stamped serial number in red on obverse; embossed city seal visible on obverse. |
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Mühlhausen issued this note during the acute phase of the 1922 German inflation, when municipal and commercial Notgeld had shifted from the charming small-denomination collector pieces of 1920–21 into emergency high-denomination instruments that people actually needed for daily transactions. By mid-1922, the Reichsbank could not keep pace with currency demand, and hundreds of German municipalities were legally authorized to fill the gap.
Paul Fischer was a local Mühlhausen printer — not a specialist securities firm — which was entirely normal for this wave of emergency issues. K. Ullrich's design credit is unusual enough to survive in the record, which suggests some civic pride in the commission.