Catalog
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| Issuer | Bayerische Staatsbank |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | 1923 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed entirely in pink-rose on white paper, the reverse is dominated by a large central vignette of oak leaves and acorns forming a decorative wreath underprint, over which the numeral 500 and the Gothic blackletter legend Milliarden Mark are printed in large format. The issuer's name BAYERISCHE STAATSBANK is set in spaced capitals at the top, and a two-line anti-counterfeiting legal warning in small Gothic script runs along the lower margin. |
| Reverse lettering | BAYERISCHE STAATSBANK 500 Milliarden Mark Wer Gutscheine nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft. |
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| Comments |
The Bayerische Staatsbank's half-trillion Mark note dates from the final, most vertiginous weeks of the German hyperinflation — by November 1923, the Reichsbank's own printing infrastructure could not keep pace with demand, so regional and municipal bodies across Germany were authorized to issue emergency currency (Notgeld) at astronomical denominations. Bavaria was among the most aggressive issuers at this tier. The note was printed locally in Munich, which was practical necessity rather than institutional pride: shipping delays alone could render a denomination obsolete before it arrived.
The Rentenmark stabilization came into effect on 15 November 1923, after which virtually all paper from this period was demonetized almost immediately and discarded en masse.