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500 000 Mark Bayerische Notenbank
| Issuer | Bayerische Notenbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in red-pink on a pale ground with a bold black zigzag outer border, the reverse carries the issuer name 'Bayerische Notenbank' in Gothic lettering at the top. The denomination 'Fünfhunderttausend' is set in large black Gothic script, with '500000 Mark 500000' below in a mixed typeface flanked by small heraldic lion vignettes in the underprint. A cautionary anti-counterfeiting legend in smaller Gothic type occupies the lower panel. |
| Reverse lettering | Bayerische Notenbank Fünfhunderttausend 500000 Mark 500000 Nachahmung oder Veränderung wird nach Maßgabe des achten Abschnittes des Strafgesetzbuches für das Deutsche Reich bestraft. |
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| Comments |
The Bayerische Notenbank was one of four German state banks that retained note-issuing rights under the 1875 Banking Act, and by mid-1923 it was printing at denominations that would have been unthinkable eighteen months earlier. This 500,000 Mark issue appeared as hyperinflation was accelerating toward its terminal phase — within weeks of notes at this face value entering circulation, they were already worth less than the paper cost to print them.
Bavaria's political situation in 1923 added a specific layer of tension: the state government was in open conflict with Berlin over financial policy, and the Notenbank's continued independent issuance was partly an assertion of that autonomy.