10 Heller Senftenberg

Austrian Notgeld of this type emerged from the postwar collapse of the Austro-Hungarian monetary system, when small-denomination coinage vanished almost entirely from circulation due to hoarding and metal scarcity. Municipal authorities across Lower Austria stepped in to fill the gap, printing their own emergency scrip in denominations too small to interest counterfeiters and too local to circulate far beyond the issuing town.

Senftenberg, a small Lower Austrian market town in the Krems valley, issued this 10 Heller note as part of a documented series catalogued under Jaksch. The 1920 dating places it in the later wave of Austrian communal Notgeld, by which point the practice was already being wound down nationally.