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10 Heller Etsdorf
| Issuer | Marktgemeinde Etsdorf (Market Municipality of Etsdorf) |
|---|---|
| Year | 1920 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | GUT-SCHEIN ZEHN·HELLER IM JUNI 1920 MARKT·GEMEINDE·ETSDORF VIZEBÜRGERMEISTER: BÜRGERMEISTER: KÄMMERER: GEMEINDERAT: |
| Reverse description | Plain buff paper reverse, entirely unprinted save for typeset text in German Fraktur script arranged in three sections. An introductory verse occupies the upper portion, followed by a redemption notice in roman type stating the note's non-interest-bearing status and the period of legal redemption by the Gemeinde Etsdorf am Kamp, and a final line warning against counterfeiting. |
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| Comments |
Etsdorf am Kamp is a small wine-growing municipality in Lower Austria, and its decision to issue emergency paper money in 1920 was driven by the acute coin shortage that gripped Austria after the dissolution of the Habsburg Empire. The new Austrian state simply could not produce enough small-denomination coinage to meet everyday transactional needs, and hundreds of municipalities, savings banks, and private businesses stepped in with their own Notgeld.
These hyper-local issues were valid only within the issuing community, which kept counterfeiting largely pointless and redemption administratively manageable — if chaotic in practice.