50 Pfennig

Rothenburg ob der Tauber issued its own emergency currency — Notgeld — during the hyperinflationary spiral of the early Weimar years, when municipal treasuries across Germany scrambled to fill the coin shortage left by wartime metal requisitioning. The Stadtkasse, the town's own cash office rather than a private bank, was the issuing authority here, which was common for smaller Bavarian towns without a local savings institution willing to take on the administrative burden.

Adolf Hosse was a local printer, and this note never left the region in any meaningful commercial sense — Rothenburg's Notgeld circulated as genuine small-change substitute, not primarily as the decorative collector series the town later produced for the tourist trade.