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10 Heller Loosdorf
| Issuer | Marktgemeinde Loosdorf (Market Town of Loosdorf) |
|---|---|
| Year | 1920 |
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| Currency | Krone (1918-1921) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ZEHN HELLER Die Gemeinde Loosdorf haftet für diese Verbindlichkeit mit ihrem ganzen beweglichen und unbeweglichen Vermögen Der Finanzreferent Der Bürgermeister Marktgemeinde LOOSDORF Giltig bis 31. Dez. 1920 |
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| Reverse lettering | Kassenschein der Marktgemeinde Loosdorf. Zehn Heller. Zur Linderung der Kleingeldnot gibt die Gemeinde Loosdorf Kassenscheine aus. Dieselben sind unverzinslich, werden von der Gemeinde Loosdorf bis 31. Dezember 1920 in Zahlung genommen und in der Zeit vom 15.-31. Dezember 1920 in gesetzlichem Bargelde eingelöst. Die Nachahmung wird gesetzlich bestraft. |
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| Comments |
Loosdorf is a small market town in Lower Austria, and this 10 Heller note is a product of the Notgeld wave that swept Austrian municipalities between 1919 and 1921. With the postwar collapse of the Austro-Hungarian monetary system, the new Republic of Austria faced a chronic shortage of small-denomination coin. Local authorities were legally permitted — and practically compelled — to fill the gap themselves.
Municipal Notgeld of this type was printed in enormous variety across hundreds of Austrian communities, and condition survival rates are generally high, as many were collected rather than spent.