50 heller eben am achensee

Eben am Achensee is a small Tirolean village on the southern shore of the Achensee, and like hundreds of Austrian municipalities in 1920, it issued its own emergency small-change notes — Notgeld — to compensate for the near-total disappearance of metal coinage in the years following the collapse of the Habsburg monetary system. Wagner was a well-established Innsbruck printer responsible for a significant portion of Tirolean municipal Notgeld output during this period, which gives these small issues a degree of production consistency unusual for emergency currency.

The 50 Heller denomination was among the most commonly needed for daily transactions, which typically means higher print runs and correspondingly lower surviving condition grades.