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| 正面描述 | Yellow-ochre note printed in dark brown letterpress, with a decorative swag-and-tassel border framing a central diamond cartouche bearing the Ulm municipal arms as the principal vignette; the denomination numeral '50' above the Pfennig symbol flanks the cartouche on each side. Gothic-script text panels to the left and right of the arms set out the validity and redemption conditions, while a red oval municipal stamp of Stadtgemeinde Ulm is applied at the lower left. A red serial number appears at the foot of the note, followed by the printer's imprint 'Dr. K. Höhn Ulm a/D'. |
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| 背面描述 | 登录 以查看详情 |
| 背面铭文 | Gutschein der Stadt Ulm a.d.D. 50 Ulm, den 22. Oktober 1918. Stadtvertretung Ulm. |
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| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | 登录 以查看详情 |
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Ulm issued its own emergency fractional currency in 1918 as the imperial coinage system collapsed under wartime metal shortages — brass, nickel, and even iron coins had been progressively withdrawn or debased, leaving a genuine void in everyday small transactions. Municipal and commercial Notgeld like this filled that gap locally, with no formal backing beyond the issuing body's own creditworthiness.
Dr. K. Höhn was a local Ulm printer, not a specialist security press, which is worth noting when examining the paper quality and printing registration on surviving examples.