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100 000 Mark Bayerische Notenbank

Issuer Bayerische Notenbank
Year 1923
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In circulation to 1 January 1924
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Reverse description Intaglio-printed vignette in blue-green tones centred on a view of the Ruhmeshalle (Hall of Fame) in Munich, with its broad colonnaded façade and the Bavaria statue on its tall pedestal at the centre. Two heraldic shields supported by golden lions — the arms of Bavaria on the left and the arms of Munich on the right — flank the architectural scene. The issuer name 'Bayerische Notenbank' and denomination numerals '100000M' appear at the top, with the bold letterpress legend 'HUNDERTTAUSENDMARK' set in a decorative panel along the lower margin.
Reverse lettering Bayerische Notenbank
100000M
HUNDERTTAUSENDMARK
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The Bayerische Notenbank was one of four German state banks — alongside the Sächsische Bank, Badische Bank, and Württembergische Notenbank — permitted to issue their own currency under the imperial banking law of 1875, a privilege that survived into the Weimar period. By mid-1923, when this 100,000 Mark note was printed, that denomination represented roughly a streetcar fare. Within weeks of issue, it was economically obsolete.

Bavaria's separate note-issuing authority gave the Reichsbank political headaches throughout the hyperinflationary crisis, as regional banks printed independently to meet local demand. The Bayerische Notenbank's issues from this period are distinguishable from Reichsbank paper by their Munich provenance and the state bank's own signature lines — details that matter when sorting the flood of emergency-period German material.

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