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50 000 000 Mark Bayerische Staatsbank

Issuer Bayerische Staatsbank
Year 1923
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Currency Mark (1914-1924)
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Obverse description Printed in dark blue-grey on cream paper, the obverse is enclosed within a dense guilloche border of interlocking geometric and foliate motifs. Gothic blackletter script across the upper field carries the heading 'Gutschein der Bayerischen Staatsbank', with the central denomination band 'Millionen Mark' in bold letterpress flanked by '50' numeral medallions at each side. The place and date of issue 'München, den 1. August 1923', the issuing authority 'Bayerische Staatsbank – Direktorium', two manuscript signatures, a red serial number at lower left, and a small-text redemption notice complete the design.
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Reverse lettering GUTSCHEIN DER BAYERISCHEN STAATSBANK
50
MILLIONEN
MARK
Ein Jahr nach Ablauf der Einlösungsfrist erlischt jeder Anspruch aus diesem Gutschein
Wer Gutscheine nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft
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Comments

Bavaria's regional state banks issued their own emergency currency during the hyperinflation of 1923 independently of the Reichsbank, and the Bayerische Staatsbank was among the more prolific. By the time this 50-million-Mark note entered circulation, the denomination was already obsolescent within weeks — the Rentenmark reform of November 1923 rendered the entire hyperinflationary series worthless overnight.

Munich printing during this period was often contracted to local commercial printers working under extreme schedule pressure, which accounts for the simplified production quality common across the late 1923 issues.

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