50 Heller Eferding

One of hundreds of Austrian municipal Notgeld issues that flooded the market in 1919 as the postwar collapse of the krone made small-denomination coinage effectively vanish from circulation. Eferding, a small Upper Austrian town on the Danube with a population under three thousand, issued these notes through a straightforward arrangement with the Linz printer Langhammer — a firm responsible for a number of regional Notgeld runs during this period. Designer R. Pölzberger's involvement suggests at least some local artistic investment, though Eferding's issue was purely functional rather than one of the decorative collector-targeted Notgeld series that would proliferate in the early 1920s.