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50 Reichsmark Bayerische Banknote
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1924 |
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| Currency | Reichsmark (1924-1948) |
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|---|---|
| Obverse lettering | BAYERISCHE BANKNOTE Fünfzig Reichsmark ausgegeben auf Grund des Privatnotenbank-Gesetzes vom 30. August 1924 München 11. Okt. 1924 STAATSKOMMISSAR: Bayerische Notenbank FÜR DEN AUFSICHTSRAT: VORSTAND: 50 |
| Reverse description | The central vignette presents the full Bavarian state coat of arms on a crowned scrolled shield quartered into four fields: upper left with the white and blue lozenges of Bavaria, upper right with a rampant golden lion for the Upper Palatinate, lower left with three lions for Swabia, and lower right with three mountain peaks representing Franconia. The composition is framed by an intricate guilloche border with repeated foliate ornaments, and the denomination value is rendered in large numerals at the corners. |
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| Comments |
The Bayerische Notenbank was one of the four regional German banks permitted to continue issuing notes under the 1924 Bank Law that reorganized Germany's currency following the catastrophic hyperinflation. Most issuing rights were consolidated under the Reichsbank, but Bavaria, Baden, Saxony, and Württemberg retained limited privileges — a political concession to federalist pressures rather than any financial necessity.
Giesecke & Devrient had printed Bavarian notes throughout the inflation period and continued into this stabilization series. The 1924 issues were backed by gold and foreign exchange under the Dawes Plan framework, a hard constraint that made overissuance structurally impossible for the regional banks.