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50 000 Mark Sächsische Bank

Issuer Sächsische Bank zu Dresden
Year 1923
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Value 50 000 Mark (50 000)
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Obverse description Typographically printed note in olive-green and orange-brown on cream paper, with the denomination stated in large Gothic blackletter script as 'Fünfzigtausend Mark' across the upper portion. A large guilloche underprint of the numeral '50000' in pale tones occupies the centre field, with the issuer legend 'Sächsische Bank zu Dresden' in bold blackletter below the payment clause and date 'Dresden, den 25. Juli 1923'. The border comprises ornate letterpress frames with repeated '50000' corner cartouches and 'SÄCHSISCHE BANK' micro-lettering; three facsimile signatures with titles appear at the foot, flanked by red serial numbers printed vertically on both margins.
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Reverse lettering FÜNFZIGTAUSEND
SÄCHSISCHE BANK
MARK
50000
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Comments

The Sächsische Bank zu Dresden was one of four German private note-issuing banks still operating under imperial charter when hyperinflation collapsed the mark in 1923. This 50,000 Mark denomination emerged during the summer acceleration of that crisis — by the time most notes of this type reached the public, the face value was already losing purchasing power within hours of issue. The print run of over twelve million reflects the sheer velocity of production required just to keep pace with demand.

The Sächsische Bank lost its note-issuing privileges when the Rentenbank stabilization took effect in late 1923.

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