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50 Pfennig
| Issuer | Stadtverwaltung Glashütte (Saxony) |
|---|---|
| Year | 1921 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse lettering | 50 Pfennig / Eins, zwei, drei im Gauseschritt geht die Zeit und wir gehn mit. / Stadt-Girotasse Glashütte (Sa) / Konto No 5 / MAX RONISCH DRESDEN-A. 16 |
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| Protection description | Circular Flämmchen (small flame) watermark pattern visible on the obverse at left |
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| Comments |
Glashütte is a small Saxon town with an outsized reputation — it has been the center of German precision watchmaking since the mid-nineteenth century, home to firms like A. Lange & Söhne and later the collective that became GLASHÜTTE Original. That industrial identity almost certainly shaped the local economy's cash flow patterns, with workshop payrolls creating genuine small-denomination demand during the Weimar inflation spiral of the early 1920s.
Max Rönisch of Dresden was a prolific Notgeld printer, responsible for a substantial share of Saxony's emergency municipal issues. The watermarked paper distinguishes this issue from the cheaper unprotected stock used by many smaller communities.