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50 000 000 000 000 Mark Reichsbanknote

Issuer Reichsbank
Year 1924
Type Standard circulation banknote
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Obverse lettering REICHSBANKNOTE FÜNFZIG BILLIONEN MARK ZAHLT DIE REICHSBANKHAUPT- KASSE IN BERLIN GEGEN DIESE BANKNOTE DEM EINLIEFERER BERLIN, DEN 10. FEBRUAR 1924 REICHSBANKDIREKTORIUM REICHSBANKDIREKTORIUM 50 50
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Reverse lettering REICHSBANKNOTE 50 50 50 BILLIONEN MARK WER BANKNOTEN NACHMACHT ODER VERFÄLSCHT ODER NACH- GEMACHTE ODER VERFÄLSCHTE SICH VERSCHAFFT UND IN VERKEHR BRINGT, WIRD MIT ZUCHTHAUS NICHT UNTER ZWEI JAHREN BESTRAFT 50 50
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By February 1924, when this note was officially dated, the hyperinflation that necessitated denominations of this magnitude had already collapsed. The Rentenmark stabilization of November 1923 had effectively ended the crisis, making the 50-trillion-Mark Reichsbanknote an artifact of a monetary catastrophe rather than a functioning instrument — most examples were issued and almost immediately rendered worthless through the currency reform that replaced them at a rate of one Rentenmark to one trillion old Marks.

Print run of just over twelve million is modest relative to the emergency output of late 1923, when notes were often printed on one side only to accelerate production.

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