10 Heller Aspach

Aspach is a small municipality in Upper Austria, and this 10 Heller note belongs to the enormous wave of Notgeld issued by Austrian towns and villages between 1919 and 1921 when small coin virtually disappeared from circulation following the collapse of the Habsburg economy. Hundreds of communes printed their own emergency fractional notes during this period, and Daringer's involvement suggests a locally commissioned design rather than a generic printer's stock.

The 1920 dating places this in the second, more self-conscious phase of Austrian Notgeld production, when many municipalities had shifted from purely functional issues to notes with some decorative ambition — partly for local pride, partly because collectors were already buying them directly from town halls.