50 000 000 Mark

Bad Wildungen was a spa town, not an industrial center, and its local notgeld operation reflects the improvised character of Germany's hyperinflation peak. By the time denominations reached eight figures in autumn 1923, municipal and district-level issuers across Germany were printing emergency money faster than the Reichsbank could supply it — Paul Pitsch was a local printer pressed into monetary service, not a security printing house.

The Ederkreisbank acted as the issuing mechanism behind the municipal name, a common arrangement that gave the notes a thin veneer of banking authority while keeping issuance under local control.