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50 Heller Kematen bei Wels

Issuer Markt-Verwaltung Kematen bei Wels
Year 1920
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Currency Krone (1918-1921)
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Obverse lettering Jubiläums-Notgeld / giltig bis 31. Dezember 1920 / 50 Heller / Oberer Marktplatz / Kematen, am 11. Juni 1920 / Der Markt-Verwalter / Markt-Verwaltung / Kematen bei Wels / 300 jähriges Marckt-Jubiläum in Khematen am Janbach – Kaiser Ferdinand II. hat mittels Urkunde vom 11. Juni 1620 das damalige Dorf Khematen am Janbach unter Gundacker Herr v. Polheim zu Licktenegg zum Markt erhoben. / 1620 – 1920
Reverse description The reverse is printed in black on cream paper within a border of repeating leaf-and-branch ornaments. The entire field is occupied by the redemption text in Fraktur script, stating the legal basis for the issue, the market committee resolution of 6 June 1920, the issuer's liability pledge against its total active assets, and an anti-counterfeiting warning. The Marktverwalter's manuscript signature appears at the lower right beneath his printed title.
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Comments

Kematen bei Wels issued this 50 Heller note as part of Austria's vast Notgeld wave — a municipal emergency currency scheme that emerged after the collapse of the Habsburg state left small communities without adequate coin circulation. The Markt-Verwaltung, essentially the local market authority of a modest Upper Austrian town, had no printing infrastructure of its own; these notes were almost certainly produced by a regional commercial printer.

The JPR reference places it firmly in the Jaksch corpus of Austrian local issues. Kematen examples turn up infrequently, suggesting limited original print runs consistent with a small market community rather than a larger industrial town.

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