1923 Koln/ Cologne Germany 50,000 Marks Notgeld - Series B - Rarer High Denomination Emergency Inflation Note - 1923 German Fifty Thousand Mark Note

This listing is for the photographed 1923 Cologne (Koln) State 50 Thousand Mark German Emergency Notgeld. Issued by the State of Koln in Germany in the years following World War I, dated July 2nd, 1923. Serie B. This note is a rarer issue because of its higher denomination, as most notgeld from this period were fractional, small denominations. The obverse of this note shows three tri-point crowns vertically stacked on the left end, the states coat of arms on the right end, and a swirl designed borders. Extremely Fine (XF) grade/condition, some minor visible folds and other signs of circulation. Excellent condition and an interesting piece of history!

Notgeld was a form of emergency currency that was issued by individual German municipalities or institutions immediately after the First World War when Germany was experiencing a severe economic depression. Most notgeld contained an expiry date, after which the note was deemed invalid. The issued notes of individual municipalities and institutions pulled power from the national Reichsbank and helped to counter currency shortages from the war. Printed using recycled materials, these notes became a popular collector's item because of their attractive colors and designs, leading to the overprinting of notes and eventually hyperinflation.

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1923 Koln/ Cologne Germany 50,000 Marks Notgeld - Series B - Rarer High Denomination Emergency Inflation Note - 1923 German Fifty Thousand Mark Note