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50 000 Mark Bayerische Notenbank
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Multicolor guilloche underprint incorporating the blue and white lozenge pattern of the Bavarian state arms, with symmetrically arranged blue and olive-green guilloche rosettes flanking a central oval vignette. The large numeral 50000 is printed in blue within the oval, with Mark in Gothic script to either side, and the curved inscriptions Bayerische at the top and Notenbank at the bottom completing the oval design. The composition is contained within a simple rectangular border. |
| Reverse lettering | Bayerische 50000 Notenbank Mark |
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| Comments |
The Bayerische Notenbank was one of four German state banks of issue still operating during the hyperinflation of 1923, a legal holdover from pre-unification monetary arrangements that Berlin never fully dismantled. That status allowed Bavaria to print its own emergency high-denomination notes independently of the Reichsbank — a distinction that mattered politically in Munich that year, given the separatist and federalist currents running through Bavarian politics in the months surrounding the November Putsch.
The 50,000 Mark denomination, enormous by any prewar measure, was already functionally inadequate within weeks of issue. Purchasing power was collapsing faster than the presses could respond.