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10 Heller Aschbach
| Issuer | Marktgemeinde Aschbach (Market Town of Aschbach) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Marktgemeinde Aschbach Zehn Heller 10 Die Gemeinde haftet für die Verbindlichkeit bis 31. Dez. 1920. Der Bürgermeister: Vizebürgermeister: Gemeinderat: |
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| Reverse lettering | 10 Zehn Heller 10 Der Markt Aschbach gibt laut Gemeinderatssitzungsbeschluß vom 8. April 1920 für Fünfzigtausend Kronen Notgeldscheine zu 10, 20 und 50 Heller aus. Diese Scheine sind unverzinslich u. werden bis 31. Dezember 1920 von der Marktgemeinde Aschbach in gesetzl. Bargeld eingelöst. Die Nachahmung dieser Scheine wird bestraft. Druck von F. Kielar, Amstetten. |
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| Comments |
One of thousands of Austrian municipal emergency notes — Notgeld — issued in the chaotic period following the collapse of the Habsburg economy. The national coinage shortage was severe enough that small market towns were legally permitted, briefly, to issue their own fractional paper currency. Aschbach, a small market commune in Lower Austria, contracted the local Amstetten printer F. Kielar for the job.
These hyper-local issues typically saw only weeks or months of genuine use before being redeemed and withdrawn. Survival is largely a function of whether the issuing commune bothered to collect them back.