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10 Heller Raxendorf
| Issuer | Raxendorf, Municipality of |
|---|---|
| Year | 1920 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | Gutschein für Raxendorf über Heller 10 Heller welcher von den Gefertigten in gesetzlicher Währung vom 1. bis 31. Dezember 1920 eingelöst wird. Raxendorf, am 10. Mai 1920. Willy Pollhammer, Kaufmann. Franz Karl, Gastwirt und Bäcker. |
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| Signature(s) | Willy Pollhammer and Franz Karl |
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| Comments |
Raxendorf is a small municipality in Lower Austria, and this 10 Heller note is a product of the Notgeld wave that swept Austrian towns between 1919 and 1921. The collapse of the Austro-Hungarian monetary system left local governments scrambling to cover a crippling shortage of small change — the national treasury simply could not mint coins fast enough to meet demand, so thousands of municipalities printed their own emergency fractional currency.
Willy Pollhammer and Franz Karl signed as local officials authorizing issue. Whether Pollhammer was the Bürgermeister or a municipal treasurer is not confirmed in standard references.