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50 000 Mark Reichsbanknote

Issuer Reichsbank
Year 1922
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In circulation to 5 June 1925
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Obverse description Black on white with green underprint at right. A portrait vignette of Bürgermeister Brauweiler occupies the central field, rendered in intaglio. The denomination and full obligation text are set in Fraktur script, with the issuing authority and place of payment inscribed below.
Obverse lettering Reichsbanknote Fünfzigtausend Mark Zahlt die Reichsbankhauptkasse in Berlin gegen diese Banknote dem Einlieferer Berlin, den 19.November 1922 Reichsbankdirektorium 50000
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Comments

This note entered circulation during the accelerating collapse of the German mark in 1922, when the Reichsbank was printing in quantities that would have been unthinkable just four years earlier. The 50,000 Mark denomination, which would have represented an enormous sum in 1918, was already becoming inadequate for routine transactions by the time this series was fully distributed. Within months, it would be rendered essentially worthless by the hyperinflationary spiral that peaked in late 1923.

The watermark was the sole security feature — a meaningful detail given how quickly the note's face value was outpaced by the cost of the paper itself.

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