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10 000 000 Mark Bayerische Notenbank

Issuer Bayerische Notenbank
Year 1923
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Currency Mark (1914-1924)
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Obverse description Typographically arranged note printed in dark blue and ochre on cream paper, enclosed within a decorative guilloche border of repeated floral and lozenge motifs. The heading 'Bayerische Banknote' appears at the top in Gothic blackletter script above the denomination 'Zehn Millionen Mark' in large display type, with a central underprint of interlocking guilloche rosettes in gold and blue carrying the numeral '10000000'. The place and date of issue 'München, den 1. September 1923' and the issuer's name 'Bayerische Notenbank' are printed in the lower field, accompanied by multiple manuscript facsimile signatures of bank officials, with a red serial number in the upper right; the denomination '10 Millionen Mark' is additionally printed vertically in red along the right stub margin.
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Reverse description Printed entirely in green on cream paper, the reverse is dominated by the large bold inscription '10 MILLIONEN MARK' arranged in three stacked lines at centre, set against an intricate guilloche underprint of lathe-work scrolls and foliate rosettes. The issuer's name 'BAYERISCHE NOTENBANK' runs across the top in spaced capital letters within the inner border, and an anti-counterfeiting legal warning in small roman type occupies the lower margin.
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Bavaria retained the right to issue its own banknotes under the German imperial banking settlement of 1875, making the Bayerische Notenbank one of four privileged state banks still operating alongside the Reichsbank into the Weimar period. This 10-million-Mark note was issued in August 1923, when hyperinflation was accelerating fast enough that denominations became obsolete within weeks of printing.

The Munich press had little time for refinement. Overprint-style production shortcuts were common across all German emergency issues that summer, and the Bayerische Notenbank series is no exception.

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