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Germany 50 Milliarden - Billion Mark Banknote, 1923, P-120b, UNC

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Germany 50 Milliarden - Billion Mark banknote from 1923 has a pick number P-120b, is in uncirculated (UNC) condition, and features Reichsbank seals.


This uncirculated 50 milliarden (billion) German mark note is a standard circulation banknote issued by the Imperial Bank to address postwar hyperinflation. It is an orange and turquoise note that is dated 10 October 1923, bear the signatures of Havenstein & von Glasenapp, von Grimm, Kauffmann, Schneider, Budczies, Bernhard, Seiffert, Vocke, Friedrich, Fuchs, and P. Schneider, and measures 163 mm x 78 mm. Its obverse side features two Reichsbank seals and the denomination. Its reverse side is blank. Though the note does not have a security thread, it has a circle pattern watermark. The note was withdrawn in 1925.

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