50 Heller Krimml

Krimml is a village in the Salzburg uplands best known for its waterfalls, but in 1920 it was also one of hundreds of Austrian municipalities forced into emergency note issuance when the collapse of the Habsburg monetary system left small change almost entirely absent from circulation. These Notgeld issues were a bottom-up response to a top-down failure — the new Austrian republic simply could not supply adequate coinage fast enough.

E. u. K. Müller of Salzburg handled a substantial volume of local Notgeld printing across the region during this period. The engraver credit to L. Pech is worth noting — not a name that surfaces frequently in the philatelic literature.