50 Heller

A product of Austria's postwar Notgeld wave, when thousands of municipalities printed their own small-denomination emergency money to address the catastrophic coin shortage that followed the collapse of the Habsburg economy. The national government had essentially stopped supplying fractional currency, leaving towns to fend for themselves. Göstling, a small market commune in Lower Austria's Ybbs valley, was one of hundreds that took up the option.

Many Lower Austrian Gemeinde issues from 1920 were printed in very small runs and redeemed quickly once coin supplies normalized, making local survival rates unpredictable.