10 Heller

Alkoven is a small parish on the south bank of the Danube, west of Linz — not the kind of place one expects to find a note-issuing authority. But between 1919 and 1921, hundreds of Austrian municipalities did exactly that, filling the coin vacuum left by wartime metal shortages and postwar hoarding with locally printed Notgeld. The 10 Heller denomination was among the most commonly issued, practically worthless even then in terms of purchasing power, and redeemable only within the issuing municipality.

Haselmayer's signature as guarantor reflects the municipal treasurer's personal accountability for redemption — a formality that meant little once inflation made the notes academic.