Catalog
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| Issuer | Provinzialausschuss Schleswig-Holstein (Landeshauptkasse Kiel) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Firm white smooth paper with the main text block and inscriptions printed in light brown, occupying approximately four-fifths of the face. A vertical lateral band along the left margin is printed in dark blue, serving as a decorative border element. The six-digit serial number appears in black. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Schleswig-Holstein's provincial authority began issuing its own emergency currency in 1923 as the Reichsmark collapsed under hyperinflation — by the time this fifty-billion-mark note was authorized, the denomination had become functionally mundane. The Landeshauptkasse Kiel, the provincial treasury rather than a commercial bank, acted as issuing authority, a reminder that the Notgeld emergency of 1923 reached deep into regional administrative structures that had never previously handled monetary issuance.
The watermarked paper was an attempt at credibility in a system hemorrhaging it daily.