5 Hellers Grödig - Eisenwerk

Eisenwerk Grödig was an iron and metalworks operation in the village of Grödig, just south of Salzburg, and like hundreds of Austrian industrial firms during World War One, it issued its own small-denomination notgeld to compensate for the near-total disappearance of coin from circulation. The 5 Heller piece belongs to that wave of private emergency scrip — valid only within the works itself, redeemable at the company cashier's window and essentially worthless the moment an employee left employment.

Survival rates for factory-issued notgeld of this type are largely accidental, dependent on whether a worker kept a specimen rather than spending it.