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| 正面描述 | Printed in dark green on cream paper with a wavy-line underprint, the obverse is divided into three vertical registers within a decorative letterpress border. The central octagonal vignette presents a panoramic Alpine valley scene of the Sulzbachtal, with snow-capped mountain peaks, dense conifer forests, and a farmstead in the foreground, inscribed below with 'Sulzbachtal'. Flanking octagonal panels at left and right each bear the denomination '40 Heller' in bold Gothic script, while the lower margin carries silhouettes of local fauna — a bull and goose at left, and a hunter wrestling a bear with a dog at right. |
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| 背面描述 | Printed in dark green on cream paper, the reverse carries a central octagonal text panel within a decorative border of Alpine edelweiss motifs at the corners and running hares at all four angles of the outer frame. The heading 'Gutschein' appears in large Gothic display script at the top, below which 'Zweite Auflage.' identifies this as the second issue. The body text sets out the redemption condition in German Kurrent script, closing with the place and date 'Wald, Feber 1921.' and the abbreviated issuer name 'Wald i. P.' in bold Gothic lettering along the lower margin. A small imprint line at the foot reads 'Entworfen: F. X. Lacher · Druck: C. R. Müller in Salzburg'. |
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Wald im Pinzgau is a small Alpine commune in the Salzburg district of Zell am See, and like hundreds of Austrian municipalities in 1920, it issued its own emergency currency — Notgeld — to compensate for the chronic small-change shortage that followed the collapse of the Habsburg monetary system. The 40 Heller denomination is an odd one, rarely chosen, which suggests local pricing needs rather than conformity to any standard series.
Printed by C. R. Müller in Salzburg, with design credited to F. X. Lacher. The engraver attribution to Philipp Heinrich Müller almost certainly refers to a member of the same Müller firm rather than an independent specialist.