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50 000 000 Mark Leutkirch

Issuer Oberamtsstadt Leutkirch im Allgäu
Year 1923
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Reference(s) DeNG 12#3240a
Obverse description Printed on thin, slightly textured white paper with a dark-bordered rectangular frame enclosing all text and design elements. The denomination '50 Millionen' is set in large bold Gothic (Fraktur) typeface at centre, with the issuing authority 'Oberamtsstadt Leutkirch im Allgäu' and note designation 'Stadtkassenschein' in smaller Fraktur above; the full payment obligation text and date appear below in fine letterpress. A vignette on the right side illustrates a town scene with a medieval tower and surrounding foliage, rendered in light grey-black line engraving. Two manuscript signatures appear at lower left and lower centre, beneath the printed titles 'Stadt Schultheiß' and 'Stadtpfleger', with a five-digit serial number in black.
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Reverse description Blank, unprinted white paper; uniface note.
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Comments

Leutkirch im Allgäu was a small Württemberg market town with no particular financial infrastructure, yet like hundreds of German municipalities in late 1923 it was forced into the notgeld business simply to keep local wages paid. By the time denominations reached fifty million mark, the Reichsbank's supply of emergency currency was so far behind the inflation curve that town councils, district offices, and factory owners were printing their own — legally, under the emergency provisions that effectively dissolved any meaningful distinction between official and municipal money.

The watermark security feature is worth noting on a piece at this denomination level; many comparable municipal issues of autumn 1923 dispensed with such measures entirely as the economics of anti-counterfeiting became absurd.

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