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50 Reichsmark

Issuer Sächsische Bank zu Dresden
Year 1924
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Size 170 × 85 mm
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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.
Reverse lettering SÄCHSISCHE BANKNOTE
Fünfzig Reichsmark
Wer Banknoten nachmacht oder verfälscht oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Rückfassen nicht unter zwei Jahren bestraft.
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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.

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