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50 Reichsmark
| Issuer | Sächsische Bank zu Dresden |
|---|---|
| Year | 1924 |
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| Composition | Paper |
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| Obverse description | At left, an oval vignette contains a portrait of the painter Ludwig Richter in three-quarter view. The central field carries the denomination in ornate Fraktur script reading 'Fünfzig Reichsmark', above an inscription citing the Private Bank Law of 30 August 1924, with the date 'Dresden, den 11. Oktober 1924' and the issuing authority 'Sächsische Bank zu Dresden' below. A guilloche-patterned border frames the entire face, with a decorative interlaced ornamental panel at far right bearing the numeral '50'. |
|---|---|
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| Reverse description | The reverse is printed in green and features an elaborate guilloche underprint across the entire field. At center, a large ornamental cartouche carries the denomination 'Fünfzig Reichsmark' in bold Fraktur lettering. The numeral '50' appears in decorative panels to both the left and right, flanked by interlaced knotwork borders. A small cautionary anti-counterfeiting legend is printed in fine text along the lower margin. |
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| Comments |
The Sächsische Bank zu Dresden was one of four German private note-issuing banks permitted to continue operating after the Reichsbank Law of 1875, a concession that survived well into the Weimar period. This 1924 note was issued during the brief window of stabilization following the catastrophic hyperinflation of 1923 — the Rentenmark had only been introduced in November of that year, and public confidence in paper currency was essentially nil.
The bank's right of issue was finally extinguished in 1935 under Nazi financial centralization policy, making the entire post-1924 lifespan of these notes remarkably short.