1921 AD., Germany, Weimar Republic, Glashütte (town), Notgeld, collector series issue, 50 Pfennig, Grabowski/Mehl 430.1-9/18. 029005 Obverse

State: Germany, Weimar Republic
Issuer: Glashütte (town)
Location of issue: Glashütte (town) (S / S) Stadt
Date of issue: 1.8.1921 AD.,
Value: 50 Pfennig
Size: 81 x 58 mm
Material: paper
Watermark: Flämmchen
Serial : -
Serial no. : 029005
Signature: (1)
Printer: Max Rönisch, Dresden
Obv.: 50 pf / Fünfzig / Pfennige / 50 / wolle die Stadt-Girokasse …. , value, red serial, text and signature.
Rev.: 50 Pfennig / DEUTSCHE UHRMACHERSCHULE / Stadt-Girokasse Glashütte (Sa.) Konto No. 5 / Max Rönisch, Dresden – A 16 , Glashütte watchmaker products around German watchmaker school.
References: Grabowski/Mehl 430.1-9/18 .

Glashütte is a town in Sächsische Schweiz-Osterzgebirge, Free State of Saxony, Germany, which was the birthplace of the German watchmaking industry. The city has a population of about 7,000. Historically it was first mentioned in a document around 1445.
More on https://en.wikipedia.org/wiki/Glashütte