50 Heller

Austrian municipal notgeld of this period exists in enormous quantities, but the Altaist issues are among the more obscure — Altaist being a small settlement in Upper Austria that exercised its right to issue emergency small change during the coin shortage that followed the collapse of the Habsburg economy. The 1920 date places this firmly in the second wave of notgeld production, after the initial post-war scramble and before the hyperinflationary spiral made small-denomination paper essentially pointless.

B. Kling operated out of Linz-Urfahr, the northern bank district of Linz, a regional printer rather than a specialist notgeld house.