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50 000 000 000 Mark

Issuer Stadtgemeinde Passau (City of Passau)
Year 1923
Type Local banknote
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Obverse lettering No 18268 * 50.000.000.000.- Mt.
Gutschein
Fünfzig Milliarden Mark
Die Stadtgemeinde Passau gibt den Zeitpunkt der Einlösung öffentlich bekannt.
Passau, den 3. November 1923.
Stadtrat.
J. V.: Rechtsrat. Stadtkämmerer.
ABLASSMAYER & PENNINGER, G. M. B. H., PASSAU.
Reverse description The reverse is unprinted, presenting the natural cream-beige paper stock with faint show-through of the obverse frame and text visible in mirror image. A red circular stamp impression, likely a post-issue cancellation or control mark, appears toward the right side.
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Comments

One of thousands of Notgeld issues produced by German municipalities during the hyperinflationary collapse of 1923, this fifty-billion-mark note from Passau was printed locally by Ablassmayer & Penninger — a practical necessity when denominations were escalating faster than centralized printing could supply. By the time notes at this level were being circulated, the Reichsmark had lost virtually all meaning; workers were being paid twice daily so wages could be spent before the afternoon exchange rate made them worthless.

The Rentenmark reform of November 1923 rendered the entire Notgeld series obsolete almost overnight.

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