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20 Heller Rabenstein
| Issuer | Gemeinde Rabenstein (Municipality of Rabenstein, Lower Austria) |
|---|---|
| Year | 1920 |
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| Printer | Sommer, St. Pölten |
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|---|---|
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| Reverse description | The reverse is printed in brown entirely in letterpress-set Gothic blackletter script, arranged in justified paragraph blocks. The notation '1. Ausgabe!' (First Issue) appears at upper right, while the body text sets out the purpose and legal redemption terms of the emergency currency issue. The printer's imprint 'Sommer, St. Pölten' is rendered in small capitals at the foot of the note. |
| Reverse lettering | 1. Ausgabe! Zur Linderung der Kleingeldnot gibt die Gemeinde Rabenstein, N.-Ö., Gutscheine aus. Die Gemeinde Rabenstein haftet für dieses Notgeld und löst selbes nur bis 30. November 1920 in gesetzlichem Gelde ein. Jede Nachahmung wird bestraft. Gemeinderatsbeschluß vom 19. April 1920. Sommer, St. Pölten |
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| Comments |
Rabenstein an der Pielach is a small market town in the Pielach Valley, and like hundreds of Austrian municipalities in 1920, it issued its own emergency small change — Notgeld — to compensate for the near-total disappearance of metal coinage during and after the First World War. The Imperial copper and nickel coins had been hoarded, melted, or simply worn out of circulation, and the new republican government was too fiscally stretched to replace them quickly.
Sommer in St. Pölten was the natural choice for Lower Austrian communities needing cheap, fast local printing. Many of these municipal issues were redeemed and destroyed within months of issue, which is why even modest examples from minor villages survive in surprisingly small numbers.