50 Heller

Sankt Nikola an der Donau is a small market town on the Danube in Upper Austria, and like hundreds of Austrian municipalities during the Notgeld period, it issued its own emergency fractional currency when the postwar monetary collapse made small change effectively unavailable. The 50 Heller was among the most common denominations produced in this wave — practical rather than ambitious.

Carl Quelser operated a printing house in Amstetten that handled numerous local Notgeld commissions across Lower and Upper Austria in 1919–1920. Designer credit to H. Kugler is recorded but little else about him survives in the literature.