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50 000 000 Mark

Issuer Stadt Remscheid (City of Remscheid)
Year 1923
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Currency Mark (1914-1924)
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Obverse lettering 50 Millionen Mark
zahlen die städtischen Kassen in Remscheid dem Einlieferer dieses Scheines.
Der Zeitpunkt der Einlösung wird in der Remscheider Zeitung bekannt gegeben.
Remscheid, den 11. August 1923.
Der Oberbürgermeister:
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Reverse lettering 50
MILLIONEN MARK
STADT REMSCHEID
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Comments

Remscheid's 50-million-mark Notgeld appeared in the late summer of 1923, when the Reichsbank's own supply chain had essentially collapsed under the velocity of hyperinflation. Municipal authorities across the Rhineland were printing emergency denominations faster than the ink could dry — Remscheid among them. The city issued its own scrip not out of any monetary ambition but because workers needed something, anything, to take to a bread queue that repriced by the hour.

At 50 million marks, this denomination was already obsolete within weeks of printing. By November 1923, billion- and trillion-mark notes were circulating nationally.

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