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50 000 000 000 Mark

Issuer Stadt Arnswalde (City of Arnswalde)
Year 1923
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Shape Rectangular
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Obverse description City arms of Arnswalde at lower left, accompanied by an embossed dry seal of the municipal magistrate. Text is set in letterpress across the face of the note, with the issuing authority and denomination stated in full. A clause at the lower far left specifies the validity conditions of the note.
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Reverse description Reverse is blank; this is a single-sided (one-faced) emergency currency note.
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Comments

Arnswalde — today Choszczno in northwestern Poland — was one of hundreds of German municipalities forced to print their own emergency currency during the hyperinflation of 1923, as the Reichsbank's own output could not keep pace with the collapsing value of the Mark. By the time denominations reached the fifty-billion range, wages were being paid daily, sometimes twice daily, and the practical shelf life of a note between printing and worthlessness was measured in hours.

The inclusion of a watermark by a small-town printer like Buchdruckerei Wendt is worth noting — many Notgeld issues at this denomination level dispensed with security features entirely, given the futility of counterfeiting currency that would be worthless before a forgery could circulate.

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