50 000 000 Mark Dresdner Bank

Dresdner Bank's Limbach-Oberfrohna branch issued this note during the peak of the 1923 hyperinflation, when the Reichsbank's own supply chains had collapsed under volume and regional commercial banks were left to arrange their own emergency printing. J. K. Ulbricht was a local Limbach printer — not a security press — which places this firmly in the category of Notgeld produced under practical desperation rather than institutional planning.

At fifty million marks, this denomination would have been nearly worthless within days of issue. The Rentenmark reform of November 1923 rendered the entire series obsolete almost immediately.