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10 Heller Liebenau

Issuer Gemeinde Liebenau (Municipality of Liebenau)
Year 1920
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In circulation to 1 May 1921
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Obverse description Printed in violet on pale grey paper, the obverse centres on a detailed letterpress panoramic vignette of the town of Liebenau with church steeple, rooftops and wooded hillside in the lower half. The denomination numeral '10' appears in circular cartouches at upper left and upper right, while the text 'Gutschein für Zehn Heller der Gemeinde Liebenau' is set in Gothic blackletter script across the upper and central fields. Small oval side vignettes at left and right depict local landmark towers, and two manuscript official signatures appear across the central field.
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Signature(s) Egger and Atteneder
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Liebenau is a small market town in Upper Austria, and this 10 Heller note is a product of the catastrophic coin shortage that gripped Austria in the immediate postwar years. The collapse of the Habsburg monetary system left municipalities across the country scrambling to issue their own small-denomination emergency paper — Notgeld — to keep local commerce moving. Gemeinde Liebenau was one of hundreds of Austrian towns that did exactly this in 1920, with local officials Egger and Atteneder signing off as guarantors of a currency that was never meant to outlast the crisis.

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