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50 Mark Reichsbanknote

Issuer Reichsbank
Year 1918
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Reference(s) P#65
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Reverse description The reverse is printed in brown on cream paper with a radiating sunburst underprint at the centre. A large intaglio wreath of bold acanthus foliage tied at the base with a ribbon bow frames an unprinted oval vignette space; the numeral '50' in large open figures is positioned at the top of the composition above the wreath. The series letter and serial number are printed in black and red respectively at the lower left and lower right margins.
Reverse lettering 50
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Comments

The P#65 was issued in the final year of the First World War, when the Reichsbank was printing heavily to fund a military effort already beyond the country's means. By 1918 the Reichsdruckerei was under enormous pressure to sustain output across multiple denominations simultaneously, and quality control across the series shows it.

Watermarking remained the primary security feature — a decision that looks thin in retrospect, given how aggressively the post-war inflationary period would expose the limits of German note security. This issue was rendered practically obsolete within four years, swallowed by the hyperinflationary collapse that made 50 Mark a trivial sum by 1922.

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