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50 000 000 000 Mark

Issuer Stadtrat Amberg (City Council of Amberg)
Year 1923
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Reference(s) DeNG 12#88k
Obverse description Printed on firm, smooth cream-coloured paper stock with all text and design elements rendered in reddish-brown letterpress ink. The face carries the large denomination numeral '50' alongside the issuer's name 'Stadt Amberg' and the value in words 'Milliarden Mark', surrounded by a plain rectangular border. The serial number is applied in black raster print in a five-digit format.
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Protection description Droplet (Tropfen) watermark pattern; Keller #186.
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Comments

Amberg, a mid-sized town in Bavaria, was among hundreds of German municipalities forced to issue their own emergency denominations during the hyperinflationary collapse of 1923. By the time this fifty-billion-mark note was printed, the Reichsmark's purchasing power had deteriorated so catastrophically that local authorities could not wait for centrally issued currency to reach them — printing locally and spending it within days was the only practical option.

The watermark is notable for a municipal issue of this period; most Notgeld at these absurd denominations dispensed with security features entirely. That Amberg retained one suggests this was printed on stock already held, not paper sourced specifically for emergency use.

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