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| 正面铭文 | Gutschein Fünfzig Pfennig 50 Der Rat der Stadt Annaberg Gültig in der Amtshauptmannschaft Annaberg. Der Ablauf der Gültigkeit wird im Amtsblatt bekannt gegeben. |
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| 背面铭文 | BARBARA UTTMANN 50 50 50 50 |
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Annaberg's notgeld program belongs to the second wave of German municipal emergency currency — issued after the Reichsbank's coin shortages bit hardest into small-denomination transactions during the inflationary turbulence of 1919–1920. The City Council issued these pieces under the same legal framework that authorized hundreds of similar German municipalities to fill the vacuum left by disappearing Kleingeld.
Annaberg itself, deep in the Erzgebirge, had been a silver-mining town since the fifteenth century — a detail the council likely found ironic when forced to issue paper scrip to replace metal coin.