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50 Pfennig

Issuer Mülsen-Sankt Jakob, Municipality of
Year 1921
Type Local banknote
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Obverse lettering Notgeld der Gemeinde Mülsen-St.-Jakob
Gültig bis 30. September 1921
50 Pfg
Mülsen-St.-Jakob 2. Sept. 1921
Der Gemeindevorstand
No 202028
Offsetdruck der Rats-Druckerei R. Dulce, Glauchau
Reverse description The reverse is printed in black and green on a cream ground, with green diamond-shaped denomination panels bearing '50 Pfg' in Gothic script flanking both vertical edges. The central field carries a humorous silhouette vignette in a caricature style, signed by the artist R. Romeou, showing four figures — two men being led before a seated official at a writing desk, while a fourth raises his arms in protest — illustrating a local anecdote. A text panel at the lower margin carries a rhyming couplet in Gothic script.
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Comments

Mülsen-Sankt Jakob was one of several small Saxon mining and textile villages that issued Notgeld during the inflationary spiral of 1921, when the Reichsbank's coin supply couldn't keep pace with demand for small change. The Ratsdruckerei R. Dulce in nearby Glauchau served as a practical local printer for a number of these municipal issues — a council print shop turning out emergency money between ordinary civic jobs.

At the 50 Pfennig denomination, this sits squarely in the workhorse tier of the Kleingeldscheine wave: functional, briefly circulated, and largely replaced within a year as inflation made the denomination meaningless.

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