10 Heller Holzhausen

One of thousands of Kleingeldersatz notes — emergency small-change substitutes — issued by Austrian municipalities during the postwar currency chaos of 1919–1921. The central government's inability to maintain an adequate supply of circulating coin pushed the burden onto local authorities, and villages like Holzhausen printed their own fractional paper to keep daily commerce moving. These municipal issues were technically illegal under Austrian law but tolerated out of necessity.

The Jaksch-Pick reference places this firmly within the documented Austrian notgeld corpus, though Holzhausen examples turn up infrequently.