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50 000 000 000 Mark Bayerische Staatsbank, overprint on 1 000 000 000 Mark
| Issuer | Bayerische Staatsbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Bayerische Staatsbank Gutschein Eine Milliarde Mark München, den 20. September 1923 Bayerische Staatsbank Direktorium Ein Jahr nach Ablauf der Einlösungsfrist erlischt jeder Anspruch aus diesem Gutschein Dieser Gutschein wird zu einem durch das Bayerische Staatsministerium der Finanzen im Reichsanzeiger und Bayerischen Staatsanzeiger bekanntzumachenden Zeitpunkte zur Einlösung aufgerufen. Fünfzig Milliarden Mark |
| Reverse description | The reverse is printed entirely in dark red and displays the issuer name 'Bayerische Staatsbank' at the top within a fine guilloche underprint, with the numeral '1' in large format at each lateral margin flanking the central denomination 'Eine Milliarde Mark' in Gothic script. The entire field is covered with intricate engine-turned guilloche patterns. A bold diagonal blue handstamp overprint reading 'Fünfzig Milliarden Mark' is applied across the face of the reverse, mirroring the revaluation overprint on the obverse. |
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| Comments |
The Bayerische Staatsbank's billion-mark note was overtaken by inflation so rapidly that overprinting became the only practical response — restamping existing stock with a 50,000,000,000 mark face value was faster than commissioning new print runs. By late 1923 the Reichsbank and regional institutions alike were routinely overprinting rather than printing, a logistical concession to an exchange rate that was moving faster than ink could dry.
Bavaria's state bank operated with some autonomy from Berlin during this period, issuing emergency currency under its own authority. The overprint series reflects that — Munich was managing its own monetary crisis on its own timeline.