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| 正面描述 | Pale lilac guilloche underprint on white paper. Large Fraktur denomination inscription 'Fünfzig Goldmark' at top centre, flanked by two circular provincial seals. A central green-tinted vignette shows a seated allegorical figure. Serial number in red at upper right, date 'Kiel, den 31. Dezember 1923' in body text. |
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| 正面铭文 | 登录 以查看详情 |
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| 背面铭文 | 登录 以查看详情 |
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| 防伪描述 | Provincial coat of arms of Schleswig-Holstein watermark visible at centre of note when held to light, showing two standing figures flanking a crowned heraldic shield. |
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Schleswig-Holstein's provincial authority issued this note during Germany's hyperinflation peak, when municipal and regional bodies — Gemeinden, Kreise, Provinzen — were legally permitted to issue their own emergency currency (Notgeld) to compensate for the Reichsbank's inability to keep denominations in circulation at any functional value. The Provinzialverband was not a commercial bank but an administrative body governing public welfare and infrastructure across the province, which makes its role as a currency issuer a direct measure of how thoroughly the central monetary system had collapsed by 1923.
H. W. Köbner & Co. in Altona — then still a separate city from Hamburg — was a regional printer with close geographic ties to the issuing authority, which was the norm for late-inflation Notgeld. The watermark is notable: by mid-1923, many emergency issuers had abandoned security features entirely to speed production.