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| 背面描述 | The reverse carries a large polychrome landscape vignette of the Ukleisee at dusk, framed by tall dark tree trunks at either side, with a warm orange and pink sunset sky reflected across the calm lake surface and wooded hills receding into the distance. The denomination "50" with "PF." subscript appears at the upper left and right corners flanking the locality name "Malente-Gremsmühlen" in ornate Gothic lettering across the top. Below the vignette, a three-line poetic text in italic script evokes the autumnal mood of the lake, followed by the printer's imprint at the lower right. |
| 背面铭文 | 50 Malente-Gremsmühlen 50 PF. PF. In des Ukleis kühler, dunkler Flut spiegelt sich der herbstlich dunkle Hain. Fern im West der letzte Abendschein taucht den See in purpurrote Glut. Durch die hohen düstern Waldesmauern geht es wie ein wehmutsvolles Trauern. Gebrüder Borchers G. m. b. H., Lübeck. |
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Malente-Gremsmühlen was a small spa and resort town in Holstein whose notgeld issues were produced in quantity during the early 1920s inflation spiral, when the German reichsbank's coin shortage pushed even minor municipalities into printing their own emergency fractional currency. Gebrüder Borchers in Lübeck was a regional commercial printer that took on substantial notgeld contracts during this period — not a specialist securities house, which shows in the relatively modest production values typical of their municipal commissions.
The .3-1/4 suffix in the DeNG reference indicates this is one of four distinct types within the 0864 series, suggesting Malente-Gremsmühlen issued multiple design variants at the same denomination — a common collector-targeting practice by 1921, when municipalities had learned that attractive notgeld sold to hobbyists generated real revenue.