50 Pfennig Städtische Sparkasse

Glatz — now Kłodzko in Poland — was a German-speaking administrative center in Lower Silesia, and its municipal savings bank issued this note during the inflationary emergency that consumed Germany's small-change supply in the early 1920s. The Reichsbank could not keep fractional coin in circulation fast enough; municipalities, cooperatives, and local businesses filled the gap with Notgeld, often in vast quantities and with little coordination.

Schirmer's involvement suggests local production rather than a specialist Notgeld printer like Giesecke & Devrient or Koenig & Bauer, which were handling enormous volumes of similar issues across the Reich at the same time.