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50 Heller Gföhl

Issuer Marktgemeinde Gföhl (Market Town of Gföhl)
Year 1920
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Value 50 Hellers (0.50)
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Obverse description Letterpress-printed in dark red-brown on cream stock, the obverse is centred on a circular vignette of the Gföhl townscape, a church steeple rising above densely packed rooftops within a surrounding legend band. The denomination numeral '50' appears in circular cartouches at upper left and right, with 'HELLER' set in a decorative panel between them, and ornamental devices occupy the corners. Below the vignette, the date '1920' is flanked by signatory titles, beneath which three facsimile manuscript signatures appear above the Gothic-script issuer inscription 'Kassenschein der Marktgemeinde Gföhl – Fünfzig Heller' at foot.
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Reverse description The reverse is letterpress-printed in dark red-brown on plain cream stock, entirely without vignette or decorative border, its surface occupied by a centred block of Gothic-script text. The text records the municipal council resolution of 24 April 1920 authorising Kassenscheine to a total face value of 100,000 Kronen, stipulates their acceptance in payment until 31 May 1921 and their redemption in lawful currency at the Sparkasse Gföhl during 1–31 May 1921, and concludes with a statutory warning against counterfeiting.
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Comments

Gföhl is a small market town in Lower Austria, and like hundreds of similar municipalities, it issued its own emergency paper money — Notgeld — during the severe coin shortage that followed the collapse of the Habsburg economy after World War I. These locally printed scrip issues were a practical stopgap, authorized under Austrian emergency provisions and typically redeemable at the issuing municipality's cashier for a limited window.

The 1920 date places this squarely in the second wave of Austrian Notgeld, by which point some municipalities had begun commissioning more elaborate designs partly for collector sale — a revenue stream that distorts survival rates across the whole category.

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