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| 正面描述 | Green and dark red letterpress vignette centred on a stylised medieval city gate tower with crenellated battlements and a portcullis arch, flanked by two brick corner towers each bearing an owl motif and a circular denomination roundel reading '50' in red on a green ground. The city arms — a red and white diagonal-striped shield — appear to the upper left of the gate tower, while a crescent moon occupies the upper right. Two cartouche panels set into the lower flanking walls carry Gothic-script text relating to the note's acceptance and validity, with a manuscript signature appearing in the right-hand panel. The serial number and date 'Glauchau, 1. Mai 1921' are printed in the lower margin, with the printer's imprint below. |
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| 背面铭文 | Seitdem wird der Turm im Land – Buttermilchturm genannt |
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Glauchau's municipal notgeld of 1921 belongs to the second and more self-conscious wave of German emergency currency — the period when towns were actively competing to produce artistically elaborate small-denomination scrip that collectors would buy and hoard rather than spend. This was not incidental; many municipalities deliberately printed far more than circulation required, treating the unspent face value as pure revenue. The Rats-Druckerei R. Dulce was the city's own municipal print shop, which kept production local and costs low.
The practice was controversial enough that the Reichsbank moved to suppress the entire notgeld industry by late 1922.