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25 000 000 Mark Bayerische Notenbank
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Printed in dark green and ochre on cream paper, the obverse is framed by a fine geometric border with a continuous guilloche band. The heading BAYERISCHE BANKNOTE appears at the top in Roman capitals, while the denomination Fünfundzwanzig Millionen Mark is rendered in large Gothic blackletter script over an elaborate central guilloche underprint. A right-hand panel, printed in orange, carries the numeral 25 / Millionen / Mark and a redemption notice dated 1 January 1924, with the serial number printed in red at centre-right and five manuscript signatures below the issuer name Bayerische Notenbank. |
|---|---|
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| Reverse description | The reverse is printed in dark olive-green on cream paper within a diamond-pattern border. At the centre, the Bavarian coat of arms — a shield supported by two lions — forms a large watermark-style underprint in pale ochre, over which the issuer name Bayerische Notenbank appears in Gothic blackletter at the top, the denomination FÜNFUNDZWANZIG MILLIONEN in spaced Roman capitals above and below the large central numeral 25 Millionen Mark. A warning legend against counterfeiting in Gothic script occupies the lower portion of the note. |
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| Comments |
The Bayerische Notenbank was one of four German state banks legally permitted to issue notes during the Weimar inflation — a right derived from pre-unification banking privileges that the Reichsbank had never fully extinguished. By late summer 1923, the pace of hyperinflation was outrunning press capacity across all German issuing authorities. The 25,000,000 Mark denomination, unthinkable twelve months earlier, was itself obsolete within weeks of issue as the currency collapsed toward the November 1923 exchange rate of 4.2 trillion Marks to the dollar.
Bavaria's separate issuance briefly complicated stabilization efforts — regional notes created fragmented redemption obligations when the Rentenmark was introduced.