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| 正面描述 | Printed entirely in red on cream paper, the obverse is framed by a scalloped decorative border with foliate corner ornaments. At the top, the issuer name 'Wald im Pinzgau' is rendered in bold Gothic script. A central octagonal vignette presents a line-drawn view of the local Gedächtniskapelle (memorial chapel) set against a mountain landscape, flanked on the left by silhouettes of a woman in traditional Tracht with a child, and on the right by a group of three children. The denomination '20 Heller' appears in large numerals at both the left and right of the central vignette, with a light blue-green underprint covering the background field. |
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| 背面描述 | Printed in red on cream paper, the reverse carries a central octagonal text panel set within an ornate border of edelweiss floral motifs at the corners and running hares at the top and bottom edges. The heading 'Gutschein' appears in large decorative script, followed by 'Zweite Auflage.' and the redemption notice text in Gothic lettering. The issuance place and date 'Wald, Feber 1921.' is centred below the text block, and the abbreviated issuer name 'Wald i. P.' is printed in large script along the bottom. The designer and printer credits appear in small letterpress text along the lower margin. |
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Wald im Pinzgau is a small Alpine village in the Salzburg district of Zell am See, and this note belongs to the enormous wave of Austrian Notgeld issued between 1919 and 1922 as chronic small-change shortages left municipal governments improvising their own fractional currency. The 20 Heller denomination is telling — by 1921, inflation was already eroding the purchasing power of these emergency issues faster than they could be printed and distributed locally.
C. R. Müller of Salzburg handled a substantial number of regional Notgeld commissions during this period, and the designer credit to F. X. Stadler suggests a local artistic hand rather than a generic stock design.