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10 Heller Retz
| Issuer | Stadtgemeinde Retz (City of Retz) |
|---|---|
| Year | 1920 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 10 HELLER Gutschein der l.f. Stadt Retz DER GEMEINDERAT: DER GEMEINDERAT: DER BÜRGERMEISTER: DU ALTE STADT, BEKRÄNZT VON EDLEN REBEN, VERZAGE NICHT, DA FEINDE DICH UMGEBEN. DEIN KÖSTLICH NASS, GIBT TROST UND MUT, DEUTSCH BLEIBT DER SINN, DAS HÖCHSTE GUT. * RETZ, AM 15. JUNI 1920 * |
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| Reverse lettering | NACHAHMUNG VERBOTEN DIE STADTGEMEINDE RETZ HAFTET MIT IHREM VERMÖGEN FÜR DIESE VERBINDLICHKEIT UND LÖST DIESEN SCHEIN IN DER ZEIT VOM 1. BIS 30. SEPTEMBER 1920 IN GESETZLICHEM BARGELD EIN NACHAHMUNG VERBOTEN |
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| Comments |
Retz is a small wine-producing town in Lower Austria, and its 1920 Heller notgeld belongs to the enormous wave of municipal emergency currency that flooded Austria following the collapse of the Habsburg economy. The central government simply could not supply enough small-denomination coinage to meet everyday needs, and hundreds of towns printed their own. Retz printed locally — unusual only in that many comparable municipalities outsourced to Vienna printers rather than manage the process themselves.
Heller denominations were already economically marginal by 1920, with inflation accelerating fast enough to make them obsolete within a year or two of issue.