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20 Heller Hofgastein

Issuer Marktgemeinde Hofgastein (Market Town of Hofgastein)
Year 1920
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Shape Rectangular
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Obverse lettering Gutschein
Thermalbad Hofgastein
über
zwanzig
Heller
20 20
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Signature(s) Bachbauer (Bürgermeister)
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Comments

Austrian Notgeld of this type was issued under the acute coin shortage that followed the collapse of the Habsburg economy — small municipalities across the former imperial territories printed their own fractional emergency money simply because metallic coinage had vanished from daily commerce. Hofgastein's issue was handled by Kiesel in Salzburg, a regional press responsible for a significant number of Salzburg-province Notgeld runs in 1920. The Reichenkleb design credit is unusual enough to be worth noting; most comparable municipal issues went uncredited.

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