50 Heller Gutau, Hundsdorf, Erdmannsdorf

This is a Notgeld issue — emergency municipal scrip produced during the acute coin shortage that followed Austria's collapse and the restructuring of the successor states' economies. In 1920, small-denomination metal coins had largely vanished from everyday circulation, hoarded or simply not minted in sufficient quantity, and communities across the former Habsburg territories responded by printing their own fractional paper. The joint issue by three small Upper Austrian municipalities — Gutau, Erdmannsdorf, and Hundsdorf — pooling their resources for a single printing run was a common enough arrangement among rural parishes that lacked the budget or administrative weight to commission individual series.

The Jaksc reference system for Austrian Notgeld remains the specialist's tool here; Pick cross-referencing is secondary for this material.