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50 000 Mark

Issuer Stadt Kaiserslautern (City of Kaiserslautern)
Year 1923
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In circulation to 1923
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Obverse description Green-tinted notgeld note with a letterpress-printed central text block on a lightly waved guilloche underprint. The upper portion carries the issuing authority inscription STADT KAISERSLAUTERN, with the denomination FÜNFZIG TAUSEND MARK and numeral 50000 in bold display type below. A decorative art-nouveau vignette of stylised reed or palm fronds is printed in dark ink along the right margin; the lower text panel states the redemption notice dated 15. August 1923 and is signed by the Bürgermeister and Finanzrat, with letter prefix LIT·D and serial number in the upper corners.
Obverse lettering STADT KAISERSLAUTERN
FÜNFZIG
TAUSEND
MARK
50000
ZEIT DER EINLÖSUNG WIRD IN DEN
ORTSZEITUNGEN BEKANNT GEGEBEN
KAISERSLAUTERN · 15 · AUGUST · 1923
DIE STADTVERWALTUNG
BÜRGERMEISTER
FINANZRAT
LIT·D
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Comments

Kaiserslautern was one of hundreds of German municipalities that issued emergency currency — Notgeld — during the hyperinflation of 1923, when the Reichsmark's collapse outpaced the Reichsbank's ability to supply denominations large enough for daily transactions. By mid-1923, 50,000 Mark barely covered a loaf of bread, and municipal authorities were effectively functioning as emergency monetary authorities by necessity, not by design.

Local Notgeld of this period was typically produced by regional printers on short notice, with quality and paper stock varying considerably between issues. The Stadt Kaiserslautern series has no documented printing error variants of significance, and most surviving examples come from uncirculated remainders — the denomination was overtaken by inflation so quickly that much of it never left the issuing office.

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