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50 000 000 000 Mark

Issuer Stadt Wiesbaden (City of Wiesbaden)
Year 1923
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Value 50 000 000 000 Marks (50 000 000 000)
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Obverse description Log in to see details
Obverse lettering Umlauffähig im ganzen
Regierungsbezirk Wiesbaden
Gültig bis zum 1. April 1924

Gutschein der Stadt Wiesbaden
über

50 Milliarden
Mark

Ausgegeben im Oktober 1923

Der Magistrat:

50 Milliarden
(Translation: Valid throughout the
administrative district of Wiesbaden
Valid until April 1, 1924

City of Wiesbaden voucher
for

50 billion
Marks

Issued in October 1923

The Magistrate:

50 billion)
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Protection type Watermark, Embossed seal
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Comments

During the hyperinflationary collapse of 1923, German municipalities were legally permitted — and in practice compelled — to issue their own emergency currency, known as Notgeld, when the Reichsbank could not supply adequate circulating money. Wiesbaden's fifty-billion-mark note was issued at a moment when that denomination, absurd by any prior standard, represented roughly the cost of a few loaves of bread. The purchasing power evaporated within days of printing.

The embossed municipal seal served as the primary authentication device — a practical choice when local government printers lacked sophisticated intaglio equipment. By the time the Rentenmark stabilization took effect in November 1923, virtually all municipal Notgeld was recalled and destroyed, which makes intact survivors more common in collections than in the historical record of actual use.

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