50 Heller St. Oswald bei Haslach

Sankt Oswald bei Haslach is a small farming community in Upper Austria's Mühlviertel, and this 50 Heller note is a product of the acute small-change shortage that paralyzed Austria in the years immediately following the collapse of the Habsburg monarchy. The postwar Austrian state could not produce enough low-denomination coinage to meet everyday demand, which prompted hundreds of municipalities to issue their own Notgeld under emergency provisions. Three local officials — the mayor, his deputy, and a council member — signed each note, lending it whatever municipal credibility the community could muster.

The Jaksch/Pick reference JPR0918-50 places this within the documented Upper Austrian municipal issues, though survival rates for Mühlviertel village Notgeld vary considerably.