50 Heller Neuhofen a. d. Krems

Neuhofen an der Krems was one of hundreds of Austrian market towns that issued their own emergency paper money — Notgeld — during the currency chaos that followed the collapse of the Habsburg Empire. The central government in Vienna could not produce small-denomination coinage fast enough to meet local demand, so municipalities were effectively left to paper over the gap themselves. Prietzel's workshop in nearby Steyr handled a number of these regional issues, which kept production costs low and turnaround quick.

The JPR0648a designation places this within the Jaksch catalogue of Upper Austrian Notgeld — a series that, collectively, is far more complete in institutional holdings than in private hands.