50 Heller Münzbach

Münzbach is a small rural parish in the Perg district, and like hundreds of comparable Austrian municipalities, it issued emergency small change — Notgeld — after the collapse of the Habsburg monetary system left coin circulation effectively paralyzed. The 50 Heller denomination was among the most common stopgap values across Upper Austria in 1920, filling the gap left by hoarded copper and nickel coinage that had vanished from circulation during and after the war.

Druckerei Steyr handled a considerable volume of municipal Notgeld commissions from surrounding communities during this period, which means production quality and paper stock vary noticeably across the run.