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| 正面描述 | Printed on pink paper, the obverse is enclosed within a decorative chain-link letterpress border with numeral panels reading '50' at left and right. The denomination 'Fünfzig Mark' is set in large blackletter script at centre, above the issue date 'Penzberg, den 25. April 1919' and the issuer name 'Bergwerksdirektion Penzberg'. A circular violet handstamp bearing crossed mining hammers — the traditional Bergbau emblem — is applied in the upper centre, and a manuscript signature in violet ink appears across the lower portion of the note. |
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| 背面铭文 | Als Zahlungsmittel gültig nur für örtliche Zwecke verwendbar. Stadtrat Penzberg. |
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The Bergwerksdirektion Penzberg was the administrative authority overseeing the Penzberg coal mines in Upper Bavaria — one of the few economically significant hard coal operations in southern Germany. This 50 Mark note belongs to the wave of emergency currency, Notgeld, issued by industrial enterprises and municipal bodies in 1919 as postwar monetary disorder made Reichsbank notes scarce at the local level. The colliery issuing its own scrip to pay workers was not unusual for the period; it kept wages moving when official currency simply wasn't available in sufficient quantity.
Printed locally by A. Höck, the note carries an official stamp as its sole security feature — thin protection, but the closed mining community it circulated within made counterfeiting largely impractical.