50 Heller

Grieskirchen is a small market town in the Hausruckviertel district of Upper Austria, and this 50 Heller note is a Notgeld issue — emergency municipal currency printed to address the chronic coin shortage that plagued Austria in the years immediately following the collapse of the Habsburg Empire. The new Austrian republican government struggled to maintain adequate fractional coinage in circulation, and hundreds of municipalities filled the gap with their own locally authorized paper.

Bürgermeister Johann Straßer's signature gives the note its formal authorization. No banking institution stands behind it — just the administrative authority of the town itself.