50 000 Mark Württembergische Notenbank

The Württembergische Notenbank was one of four German private note-issuing banks still operating alongside the Reichsbank in 1923, a relic of pre-unification banking arrangements that had survived into the Weimar period. During the hyperinflation crisis, these regional banks printed their own emergency denominations in parallel with the Reichsbank — not as Notgeld, but as legally valid banknotes under their existing charters. The 50,000 Mark denomination places this note squarely in the summer of 1923, before the autumn acceleration that would push denominations into the billions.

Stuttgart-printed throughout the series, the Württembergische notes are marginally less common than their Reichsbank counterparts from the same period.