10 Heller Kefermarkt

Kefermarkt is a small market town in Upper Austria, best known for a late-Gothic carved altarpiece in its parish church. In 1920, like hundreds of Austrian municipalities scrambling after the collapse of the Habsburg monetary system, it issued its own emergency paper — Notgeld — to cover the acute shortage of small-denomination coinage that had been hoarded or melted down during the war years. These hyper-local issues were authorised by individual Gemeinden under their own seal, signed by sitting officials, and redeemed locally once coinage returned to circulation.

The dual signatures of Mayor Harrer and Deputy Mayor Neuböck are the only authentication this note carries.