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| 正面描述 | The obverse is dominated by large Gothic-script lettering spelling '50 Heller' and 'Aschach' across a teal-toned wavy-line guilloche underprint with a scalloped border. To the right, a vignette in fine line illustration style presents a ghostly female figure rising above a riverside townscape with a church spire and boats on the Danube, accompanied by a ribbon banner inscribed 'Der Berlw die Marnt Aschach' and the date 'Anno 1920'. At the lower portion, a central oval medallion reads 'Gutschein 50 Heller', flanked by the inscription 'Die Nachmachung wird gerichtlich bestraft', the signature of the Bürgermeister, and the town arms in a small cartouche with the legend 'Cum Priv.' |
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| 正面铭文 | 50 Heller Aschach Aschach a. d. Donau 1920 Gutschein 50 Heller Die Nachmachung wird gerichtlich bestraft Der Bürgermeister Cum Priv. |
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One of thousands of Austrian Notgeld issues produced in the years immediately following the First World War, when the collapse of the Habsburg monetary system left small municipalities scrambling to meet the demand for low-denomination change. The central government could not keep pace with the coinage shortage, so market towns like Aschach an der Donau — a small community on the south bank of the Danube in Upper Austria — issued their own emergency scrip under a framework the Austrian government tolerated rather than formally sanctioned.
These Heller-denomination notes were redeemable in theory but rarely presented for redemption, which is precisely why so many survived.