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| 正面描述 | Dynamic woodcut-style vignette in black and red on a tan ground, showing an armoured knight on horseback charging over fallen figures, a large heraldic eagle shield at centre, with a secondary panel at right bearing a standing peasant soldier against a burning village backdrop. The denomination '50 Pfennig' and date '1 Oktb. 1921' appear at upper left, flanked by the issuing authority text and two facsimile signatures of the Magistrat. The border carries the full validity legend in Gothic script, rotated along all four sides, and the printer's imprint 'Paul Fischer, Mühlhausen i.Th.' runs along the lower margin below the frame. |
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| 正面铭文 | NOTGELD DER STADT MÜHLHAUSEN 50 Pfennig Mühlhausen i.Th. 1 Oktb. 1921 Der Magistrat: Oberbürgermeister Stadtrat Mühlhausen in Thüringen und der Bauernkrieg 1523–1525 zahlbar bei allen städtischen Kassen · Die Gültigkeit erlischt · drei Monate nach ortsüblichem Aufruf PAUL FISCHER, MÜHLHAUSEN i.TH. |
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Mühlhausen holds a specific place in the history of the 1524–1525 German Peasants' War as the base of Thomas Müntzer, the radical theologian who led the Thuringian insurgency before his capture and execution after the Battle of Frankenhausen. The town leaned into that history hard when commissioning this Bauernkrieg series during the early 1920s inflation emergency — local notgeld as civic memory project as much as monetary stopgap.
Paul Fischer was a Mühlhausen printer, and K. Ullrich's designs were produced entirely within the town, giving the series an unusually tight local provenance for notgeld of this period. The "D" designation marks this as the fourth note in the sequence.