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| 正面描述 | Green-ground Notgeld note with a central vignette of a stylised red-brick city gate flanked by two crenellated towers; the city arms (a diagonal-striped shield) appears upper left, a crescent moon upper right, and a perched owl at the foot of each tower. Denomination medallions reading '50' in red appear on both lateral towers. Two text panels within the gate structure carry the validity and acceptance inscriptions, with a manuscript signature of the Stadtrat below the right-hand panel. The serial number and date 'Glauchau, 1. Mai 1921' run along the lower margin, with the printer's imprint beneath. |
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| 正面铭文 | Notgeld der Stadt Glauchau Dieser Gutschein wird an allen städtischen Kassen in Zahlung genommen. Er erweitert keine Gültigkeit einen Monat nach erfolgter Bekanntmachung. Der Stadtrat No 027409 Glauchau, 1. Mai 1921 Rats-Druckerei R. Dulce, Gelddruck, Glauchau (Sachs.) |
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Glauchau's 1921 Notgeld issue came out of the same nationwide small-change crisis that briefly turned hundreds of German municipalities into de facto currency issuers. The Reichsbank's inability to keep low-denomination coinage in circulation — partly hoarding, partly metal shortages compounding postwar dislocation — forced towns like Glauchau to print their own emergency fractional notes rather than watch commerce grind to a halt.
Printed in-house by the city's own Rats-Druckerei under R. Dulce, this is a genuinely local production with no outside contractor involved — rarer than it sounds for Notgeld of this period, when many municipalities farmed the work out to Leipzig or Dresden printers.