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| 正面描述 | Plain cream-white note printed entirely in dark navy blue using a Fraktur (blackletter) typeface, with no pictorial vignette. The upper portion carries the word 'Notgeld' set in individual boxed letters across the full width, with a series letter 'G' to the right. A central rectangular panel bears the issuing authority 'Gemeinde Oberalm', the validity date 'Giltig bis 15. November 1920.', and the mayor's name 'Der Bürgermeister: M. Klappacher.' A lower panel divided into three compartments displays the denomination '50' in large numerals flanked by the word 'Heller' on each side. |
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| 背面铭文 | Glück und Glas, wie leicht bricht das! Auch das unsere zerbrach — Das End vom Lied ist Not und Schmach. |
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Austrian municipal notgeld of this type was born out of a coin shortage so severe that villages across Salzburg province were printing their own fractional currency well into 1920 — two years after the armistice. Oberalm, a small community southeast of Hallein, issued these 50 Heller notes under the authority granted to municipalities by the postwar Austrian government, which had no realistic means of supplying adequate small change to rural areas during the economic dislocation that followed the dissolution of the Habsburg state.
Collectors should be aware that Oberalm notgeld exists in multiple color variants, and these are not interchangeable in terms of scarcity.