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| 正面描述 | Colour lithograph notgeld in olive-green and brown tones, with a panoramic vignette of the Tangermünde townscape seen from the river, centred on the tall steeple of St. Stephan's church flanked by historic town buildings and pennant-bearing masts at left. The denomination legend 'GUTSCHEIN ÜBER 50 PFENNIG' runs along the top border, while below the vignette a validity clause and the issuance date 'Tangermünde, den 1. April 1921 · Der Magistrat' appear alongside a partial musical staff motif and manuscript facsimile signatures. The town name 'TANGERMÜNDE' is set in bold display type within a stippled banner at the foot of the note. |
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| 背面铭文 | 50 PFENNIG ALTES RATHAUS "De Tangermünder hebben den Mot!" TANGERMÜNDE |
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Tangermünde is a small town on the Elbe in Saxony-Anhalt, and like hundreds of German municipalities in 1921, its local government issued Notgeld to fill the void left by a severe shortage of small-denomination coinage. The postwar inflation had driven metal coins out of circulation almost entirely — Gresham's Law in brutal practice. Louis Koch in Halberstadt was a regional printer who handled Notgeld commissions for multiple municipalities across the area, producing short runs that were never intended to last more than a few months.
The reference suffix .1-3/3 indicates three known design variants within this issue, all sharing the same face value and authority.