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20 000 Mark Bayerische Notenbank

Emittent Bayerische Notenbank
Jahr 1923
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Währung Mark (1914-1924)
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Vorderseitenbeschreibung The obverse is printed in black, red, and green on cream paper, with a decorative foliate border framing the entire face. The denomination '20000 M' appears in large Gothic blackletter numerals at the top centre, flanked by a serial number prefix letter and numeral in red at upper right and lower left. The word 'Zwanzigtausend Mark' is rendered in an oversized Gothic script across the middle of the note over a fine guilloche underprint, with the issuer name 'Bayerische Notenbank' and the place-date 'München, den 1. März 1923' inscribed beneath. The lower portion carries signature lines for the Staatskommissar, the Direktion, and the Aufsichtsrat, flanked by redemption and counterfeiting-warning texts in small letterpress.
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Rückseitenbeschreibung The reverse is printed in dark green, tan, and red, with a geometric and foliate ornamental border enclosing the central vignette. The full heraldic coat of arms of Bavaria — a quartered shield with the blue-and-white lozenge field and the Palatinate lion, supported by two rampant lions and surmounted by a royal crown — occupies the central field. The denomination '20000 M' appears in red at the upper left and upper right corners, with '20000 Zwanzigtausend Mark 20000' in a red and black band along the lower margin, and the issuer name 'Bayerische Notenbank' in Gothic script directly above it.
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Anmerkungen

The Bayerische Notenbank was one of four German private note-issuing banks permitted to operate alongside the Reichsbank under the German Banking Act of 1875, and in 1923 it was printing emergency denominations at a pace that made controlled distribution nearly impossible. The 20,000 Mark denomination, absurd by any peacetime standard, was already losing purchasing power faster than it could be counted by the time it reached circulation — hyperinflation in the summer and autumn of 1923 was advancing in days, not weeks.

Bavaria's political situation added a further layer of instability: the separatist tension that would culminate in the Beer Hall Putsch of November 1923 was running hot throughout the year, making the Bayerische Notenbank's continued independent operation a quietly charged matter.

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