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50 Heller Steyr, Grey issue

Issuer Stadtgemeinde Steyr (City of Steyr)
Year 1920
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Value 50 Hellers (0.50)
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Obverse lettering Stadtgemeinde Steyr
GUTSCHEIN
ÜBER
FÜNFZIG HELLER
Die Stadtgemeinde Steyr haftet für die Verbindlichkeit diesen Schein in gesetzlichem Bargelde einzulösen und hat dafür eine eigene Deckungsrücklage bestellt.
Die Nachahmung wird gesetzlich bestraft.
Der Bürgermeister: [signature]
Der Bürgermeister-Stellvertreter: [signature]
Gültig bis 31. März 1921
Reverse description The reverse is composed as a triptych within a fine dotted guilloche border, with the bold inscriptions 'STADT' and 'STEYR' flanking the numeral '50' across the upper register. The left vignette presents an industrial panorama of Steyr with factory chimneys and public buildings, while the right vignette offers an aerial townscape view. A large circular heraldic shield bearing the rampant lion of Steyr dominates the central panel, overlapping the lower section which contains a vignette of an early automobile, referencing the city's industrial identity.
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Comments

Austrian municipal notgeld of 1920 occupies a peculiar niche in emergency currency history. By this date, the acute postwar coin shortage that had initially driven town-issued scrip across the former Habsburg territories was easing — yet many communities, including Steyr, continued printing series aimed increasingly at the collector market rather than genuine transactional need. The "grey issue" designation distinguishes this from earlier Steyr printings by color alone, a collector classification that the issuing municipality almost certainly didn't formalize itself.

Steyr had strong industrial roots as an arms and later automotive manufacturing center, which made the city's wartime and postwar economic disruptions sharper than those of comparable Upper Austrian towns.

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