10 Heller Regau

Regau is a small market town in Upper Austria, and this 10 Heller note is one of the thousands of Notgeld pieces issued by Austrian municipalities following the economic collapse at the end of the First World War. The central government could not supply enough small-denomination coinage to meet everyday transactional needs, so local authorities — villages, towns, businesses, even individual merchants — stepped in with their own emergency scrip. The arrangement was technically provisional but persisted well into the early 1920s.

The countersignature of Pfarrer Karl Oßberger as Deputy Mayor is an unusual detail — a parish priest holding civic executive office in this period was not unheard of in rural Upper Austria, but it remains a distinctly local particularity worth noting.