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| 正面描述 | Central vignette within an arched horseshoe-shaped frame shows the Thale municipal coat of arms flanked by two large dark demonic figures in a Walpurgis Night scene, evoking a negotiation with the Devil; an owl perches upper left and a bat appears upper right, with a black cat and a frog in the lower field. The denomination '50 Pfennig' appears in octagonal cartouches at lower left and right, while a central banner panel carries the commemorative text in Gothic script. The printer's imprint 'Louis Koch Halberstadt' is lettered along the bottom margin below the design border. |
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| 背面铭文 | Verwaltungs- und Wohlfahrtsgebäude früher Hotel Zehnpfund. Eingang ins Bodetal. |
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Thale am Harz issued this note during the Kleingeldnot — the small-change shortage that gripped Germany in the early 1920s as hyperinflation began eroding coin circulation. Municipalities across the country were authorized to print their own emergency currency, Notgeld, to fill the gap left by hoarded or melted coinage. Louis Koch was a Halberstadt printer who handled a number of these local issues across the region, working quickly and in volume to meet demand.
The .13b suffix in the Grabowski reference indicates a minor variant within the 1320 series — likely a paper stock or shade distinction rather than a substantive design change.