1923 Germany 50 Millionen Mark Reichsbanknote P-95 Weimar Hyperinflation Almost UNC

1923 Germany 50 Millionen Mark Reichsbanknote P-95 Weimar Hyperinflation Almost UNC Condition

This original 1923 German 50 Millionen Mark banknote (Fifty Million Marks) is a dramatic and authentic artifact from the peak of Germany’s catastrophic Weimar hyperinflation. Issued in Berlin on 1 September 1923, this note was a desperate attempt by the Reichsbank to keep up with a collapsing economy—where prices rose so quickly that money printed in the morning could lose value by nightfall.

Authenticity:
This is an authentic Reichsbanknote, featuring the official seals of the Reichsbankdirektorium and a crisp serial number 010861. This particular example is preserved in almost uncirculated (Almost UNC) condition, with sharp corners, original paper crispness, and vibrant ink tones. The note was legally valid tender for a brief time before being replaced during the emergency introduction of the Rentenmark in late 1923.

Historical Significance:
The 50 Million Mark denomination, once unimaginable, became essential during the summer of 1923. Germany’s economy was in freefall due to postwar reparations, foreign occupation of industrial areas, and unchecked money printing. By September, inflation was compounding daily, and denominations increased exponentially. This note reflects the mid-stage of Germany's hyperinflationary crisis, soon to be overtaken by billion- and trillion-mark notes just weeks later.

It represents a sobering case study in monetary failure and remains one of the most emblematic examples of fiat currency collapse in modern history.

Design and Features:

• Obverse (Front):

  • Denomination prominently printed as Fünfzig Millionen Mark in bold Gothic script.

  • Intricate security underprint in rose-red featuring repeating numerals and filigree.

  • Black border with fine detailing and anti-counterfeit microtext.

  • Date of issue: 1 September 1923, Berlin.

  • Serial number 010861 printed in green at the top right.

  • Text confirms legal redemption through January 1, 1924, and outlines conditions of exchange.

  • Two Reichsbank eagle seals flanking the facsimile signatures of the Reichsbank board.

• Reverse (Back):

  • Unprinted, standard for many high-denomination emergency issues of the era.

  • Light bleed-through of the obverse visible under bright light, enhancing authenticity.

Catalog Number:
Pick #95 – Standard Catalog of World Paper Money, Weimar Republic issues.

Collector's Value:
This Almost UNC example of the 50 Millionen Mark note stands out due to its excellent preservation, eye-catching Gothic design, and pivotal place in the escalation of Weimar hyperinflation. Whether you're a collector of German economic history, inflation-era currencies, or early 20th-century paper money, this note is a striking and historically rich addition to your collection. Its exceptional condition and sharp detail enhance both its visual appeal and historical impact.