50 Heller Kitzbühel

Austrian Notgeld from the post-WWI collapse period, when the imperial currency system had disintegrated and municipalities were left to fill the void themselves. Kitzbühel, a small Tyrolean market town, issued its own emergency scrip like hundreds of other Austrian communities between 1918 and 1921 — the Heller denominations were particularly common since small change had effectively vanished from circulation.

The Pirnaberger signature likely indicates a local municipal official rather than a bank officer. The official stamp serves as the sole mechanical security element, which was typical of smaller Tyrolean issuers who lacked access to more sophisticated printing resources.