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| 正面描述 | The obverse is divided into three vertical panels with a red and black colour scheme on a cream paper ground. The left panel, framed by ornamental scrollwork borders, carries the denomination numeral '50' above the Gothic-script legend 'Kassenschein über Fünfzig Heller Marktgem. Telfs'. The central vignette presents a hand-drawn illustration of a seated Tyrolean peasant figure in traditional dress, resting against a wooden fence with a walking stick. The right panel bears the abbreviation 'Hl', the validity inscription 'Giltig bis 31. Jän. 1921', and three manuscript facsimile signatures for the Bürgermeister, Vizebürgermeister Schweigl, and Kassier. |
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| 背面描述 | The reverse is printed in red and black on cream paper, with the left portion occupied by a vertical red-ruled panel bearing an Austrian imperial eagle heraldic vignette at top and the bold numeral '50' with 'hl.' below in Gothic script. The right and central portion of the note is taken up by a detailed pen-and-ink architectural vignette of a traditional Tyrolean farmstead identified in script as 'Hackele Bichl', rendered in a vigorous illustrative style. Below the central vignette, the imprint reads '3. AUFLAGE' at left and 'WAGNER INNSBRUCK.' at right, indicating this is the third edition printed by Wagner of Innsbruck. |
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Telfs is a market town in the Inn valley west of Innsbruck, and like hundreds of Austrian municipalities in 1920, it issued its own small-denomination emergency paper — Notgeld — to compensate for the near-total disappearance of metal coinage in the years following Austria-Hungary's collapse. The 50 Heller denomination was among the most common face values for this type of local scrip, useful for small transactions that coins could no longer handle.
Wagner in Innsbruck was a regional printer who handled Notgeld commissions for multiple Tyrolean communities during this period. The note circulated locally and would have been redeemed once the federal government stabilized the currency supply — though not all municipalities followed through cleanly on redemption.