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50 Reichsmark
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1925 |
| Type | Local banknote |
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| Obverse description | Central vignette reproduces Albrecht Dürer's portrait of Hieronymus Holzschuher, rendered in intaglio engraving, flanked by the denomination numeral 50 on either side. The note carries the issuing authority's title and a guilloche underprint framing the portrait. Issuance inscriptions and date appear in letterpress below the central vignette. |
|---|---|
| Obverse lettering | 50 BAYERISCHE BANKNOTE 50 Fünfzig Reichsmark AUSGEGEBEN AUF GRUND DES PRIVATNOTENBANKGESETZES VOM 30, AUGUST 1924 MÜNCHEN DEN 1. SEPT. 1925 Bayerische Notenbank (Translation: 50 Bavarian Banknote 50 Fifty Reichsmark Issued pursuant to the private Central Bank Act of August 30, 1924 Munich, September 1, 1925 Bavarian Central Bank) |
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| Comments |
The Bayerische Notenbank was one of four regional German banks that retained the right to issue Reichsmark notes after the 1924 currency stabilization — a political concession to federalist sentiment that sat uneasily alongside the Reichsbank's centralizing mandate. This 50 Reichsmark note dates from the brief window when that arrangement was still functioning, before the Law of 30 August 1924 began progressively strangling the regional issuing banks out of existence. The Bayerische Notenbank lost its issuing rights entirely by 1935.
Regional Reichsmark notes circulated at par with Reichsbank issues but were often repatriated quickly by banks outside Bavaria, making out-of-state survival comparatively rare.