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50 000 000 Mark
| Issuer | Speyer (notgeld), City of |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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| Obverse description | Plain unadorned notgeld voucher issued by the city of Speyer am Rhein, dated 21 September 1923, with letterpress text arranged within a simple ruled border. The central inscription states the denomination in words, with the issuing authority line reading 'Das Bürgermeisteramt' at the foot of the text block. The design is entirely typographic, without vignettes or ornamental underprint, consistent with emergency currency produced under the hyperinflationary conditions of the Weimar Republic. |
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| Obverse lettering | Stadt Speyer a. Rhein Gutschein Fünfzig Millionen Mark Speyer a. Rhein, den 21. Sept. 1923 Das Bürgermeisteramt: |
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| Comments |
Speyer's 50-million Mark note dates from August–September 1923, the absolute peak of the Weimar hyperinflation. By the time notes of this denomination were being printed by municipal authorities across Germany, the Reichsbank's own supply chain had collapsed under the volume required — cities, towns, and even private firms were legally authorized to issue emergency currency (Notgeld) simply to allow workers to be paid at all.
Speyer, a Rhenish city then under French occupation following the Versailles settlement, operated under additional administrative constraints that made local issue more complicated than in unoccupied Germany. Whether this particular note circulated meaningfully before being rendered worthless by further inflation within days of issue is the real question with any high-denomination 1923 Notgeld.