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50 000 000 000 Mark
| Uitgever | Stadt Gaggenau (City of Gaggenau) |
|---|---|
| Jaar | 1923 |
| Type | Log in om details te zien |
| Waarde | 50 000 000 000 Mark (50 000 000 000) |
| Valuta | Log in om details te zien |
| Samenstelling | Log in om details te zien |
| Afmetingen | Log in om details te zien |
| Vorm | Log in om details te zien |
| Drukker | Log in om details te zien |
| Ontwerper(s) | Log in om details te zien |
| Graveur(s) | Log in om details te zien |
| In omloop tot | Log in om details te zien |
| Referentie(s) | Log in om details te zien |
| Beschrijving voorzijde | Dark-bordered Gutschein on yellow underprint with central text block; ornamental guilloche panels flank the denomination. City arms vignette appears below the authorising text, with repeating GAGGENAU lettering in header and footer. |
|---|---|
| Opschrift voorzijde | GAGGENAU GUTSCHEIN 50 Milliarden Fünfzig Milliarden Mark FÜR DEN RAT DER STADT GAGGENAU GAGGENAU 50 Milliarden Mark |
| Beschrijving keerzijde | Log in om details te zien |
| Opschrift keerzijde | Log in om details te zien |
| Handtekening(en) | Log in om details te zien |
| Beveiligingstype | Log in om details te zien |
| Beschrijving beveiliging | Log in om details te zien |
| Varianten | Log in om details te zien |
| Opmerkingen |
Gaggenau's fifty-billion mark note dates from October or November 1923, the absolute apex of Weimar hyperinflation, when municipal and regional authorities across Germany were legally empowered — and practically forced — to print their own emergency currency, known as Notgeld, simply to meet payroll. By that point the Reichsbank could not produce sufficient denominations fast enough to keep pace with daily price collapses.
Gaggenau was a small industrial town in Baden, best known for its metalworks. That a municipality of its size was issuing fifty-billion mark denominations tells you more about the monetary situation of autumn 1923 than any macroeconomic statistic could.