50 Heller Mistelbach

Mistelbach's 50 Heller Notgeld of 1920 belongs to the vast wave of Austrian municipal emergency currency issued after the collapse of the Habsburg monetary system left the new Republic's provinces chronically short of small-denomination coinage. Stadtgemeinde Mistelbach, a market town in Lower Austria's wine country northeast of Vienna, issued these notes under the same legal framework that permitted thousands of Austrian communes to print their own fractional currency between 1919 and 1922.

The Jaksc/Pick reference suffix "b" indicates a variant within the series — likely a color, paper, or text difference from the "a" type. Signed by Joh. Korbar and Josef Dünste, presumably the Bürgermeister and a municipal official respectively, though their exact roles in the 1920 administration are not independently confirmed here.