10 Heller

Austrian Notgeld from this period was almost always a local affair in the most literal sense — designed, printed, and spent within the same small community. This 10 Heller piece from Haag fits that pattern precisely, with the Buchdruckerei Edm. Huber operating as both printer and de facto mint for a town dealing with the catastrophic coin shortage that gripped Austria after the First World War. By 1920, the Austro-Hungarian monetary system had already collapsed and the new Republic was still stabilizing; municipalities issued their own fractional emergency notes because the central government simply could not supply enough small change.

R. Tippl's design credit is unusual — most small-town Notgeld of this type went uncredited.