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| 正面描述 | Printed in green and pink on white paper, the obverse carries an ornate guilloche border along all four edges. The issuer's name BAYERISCHE STAATSBANK appears in large spaced capitals at the top, followed by the word Gutschein and the denomination Fünfhundert Milliarden Mark in bold Gothic blackletter script dominating the centre. A small red underprint vignette is visible behind the denomination text; below it, three lines of small-print legal text give the redemption conditions, the place and date München, den 20. Oktober 1923, and the issuer's name repeated above the Direktorium designation and two facsimile signatures. |
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| 背面铭文 | 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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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.