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50 000 000 Mark Reichsbahndirektion

Issuer Reichsbahndirektionsbezirk Breslau
Year 1923
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Composition Paper
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Obverse description Plain cream paper ground with a diagonal line underprint. At upper centre, a vignette of a winged railway wheel — the emblem of the German Reichsbahn — flanked left by the issuer designation 'Reichsbahn-direktionsbezirk Breslau' and right by a red letterpress serial number. The denomination 'Fünfzig Millionen Mark' is set in bold Gothic type across the centre, above a text block stating the voucher conditions and validity date of 31 December 1923. At lower left, a circular official seal of the Reichsbahndirektion Breslau bearing an Imperial eagle, and at lower right the manuscript signatures of two officials above the printed issuer name 'Reichsbahndirektion', with the printer's imprint 'Druck von W.G. Korn' at the foot.
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Protection type Watermark
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Comments

Reichsbahn emergency notes from 1923 are among the more industrially specific artifacts of the hyperinflation period — this one issued not by a municipal authority or savings bank but by the Breslau railway directorate district, which had both the administrative machinery and the pressing need to pay wages in denominations that outpaced daily printing cycles. The Reichsbahn directorates were authorized to issue their own notgeld precisely because centralized supply from the Reichsdruckerei had completely collapsed under demand by mid-1923.

W.G. Korn was a long-established Breslau printing house, primarily known for book and commercial work. The watermarked paper is notable given how many comparable railway notgeld issues of the same weeks dispensed with security features entirely.

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