50 Pfennig

Rothenburg's 1921 Notgeld series was a deliberate exercise in civic promotion as much as emergency currency. German municipalities issuing Kleingeldersatz during the postwar coin shortage quickly recognized that collectible designs drove hoarding — which meant the city spent less, since unredeemed notes were pure profit. Rothenburg, already trading on its reputation as a preserved medieval town, leaned into that calculation harder than most.

Adolf Holze was a local printer, and the entirely municipal production kept costs down. The reference suffix structure in DeNG 1142.2a suggests this belongs to a subdivided type within a larger issued set — worth checking against companion pieces from the same series.