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50 Heller Marbach
| Issuer | Gemeinde Marbach an der Donau (Municipality of Marbach an der Donau) |
|---|---|
| Year | 1920 |
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| Composition | Paper |
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| Obverse description | Printed in brown on cream paper, the left panel carries a letterpress vignette of the Schulhaus (schoolhouse) of Marbach an der Donau, rendered in fine line illustration with decorative floral ornaments above and the label 'Schulhaus' in script. Below the vignette appear three facsimile signatures with their respective titles. The right panel bears the issuing authority text 'Gutschein der Gemeinde Marbach a. d. D.' in ornate script, the validity clause 'Nur gültig bis 31. Dez. 1920, Gmde. Beschluß vom 7.4.1920,' and the denomination '50 Heller' with the numeral '50' set within a circular underprint device, all within a ruled border. |
|---|---|
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| Signature(s) | J. Pfannes (Bürgermeister) and L. Dober (Vz. Bürgermeister) and Hofreiter fiz (gesch. Gmde. Rat) |
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| Comments |
Marbach an der Donau is a small market town in Lower Austria, and this 50 Heller note is a product of the catastrophic liquidity crisis that gripped Austrian municipalities after the First World War. The collapse of the Habsburg monetary system left local governments without sufficient coin, forcing thousands of communities — including tiny ones like Marbach — to print their own Notgeld through whatever printer was nearest. Greugruber in Pöggstall, a few kilometers inland, was a logical choice.
Three signatories authenticated this issue: the Bürgermeister, the Vice-Bürgermeister, and a member of the municipal council. That level of formal sign-off on a fractional emergency note speaks to how seriously even small administrations took the legal exposure of issuing private currency.