50 Heller Hollenstein

A product of Austria's Notgeld period, when hundreds of municipalities printed their own small-denomination emergency scrip to address the catastrophic coin shortage that followed World War I. Hollenstein an der Ybbs is a small market town in Lower Austria on the Ybbs river, and this note was produced just down the valley at the Waidhofen press — a genuinely local affair, from design to signature. Blaschek's involvement suggests a local commercial artist rather than any professional banknote engraver.

Three named municipal officials signed, which is unusually specific for Notgeld of this denomination.