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50 Heller Tirol
| Issuer | Tiroler Landeskasse |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in dark grey-black on a light grey guilloche underprint, with the issuer's title 'Tiroler Landeskasse Gutschein' in gothic script across the upper portion. Two circular vignettes at left and right each bear the numeral '50 Heller', flanking a central dark panel with 'Fünfzig Heller' in large blackletter type. Below, the text 'Tiroler Landesrat' appears above two manuscript facsimile signatures of the Finanzreferent and the Landeshauptmann, separated by a central vignette of the Tyrolean eagle. |
|---|---|
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| Reverse lettering | Tiroler Landeskasse 50 Heller Dieser Gutschein verliert seine Giltigkeit, wenn er nicht innerhalb 3 Monaten nach erfolgter öffentlicher Aufforderung bei der Tiroler Landeskasse in Innsbruck eingelöst wird. Die Nachahmung dieses Gutscheines wird gesetzlich bestraft. Innsbruck, am 1. Oktober 1920. |
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| Comments |
The Tiroler Landeskasse emergency issues of 1920 emerged directly from the catastrophic economic dislocation following Austria's defeat in the First World War and the subsequent dismemberment of the Habsburg Empire. With small coin almost entirely absent from circulation — hoarded, melted, or simply gone — regional Austrian authorities were left to paper over the gap themselves. The Tirolean provincial treasury was one of dozens of sub-national bodies across the former empire that stepped in to fill that void.
These Heller notes were purely local instruments, valid only within the province, and were expected to be short-lived. Austria's chronic postwar inflation made that true in the worst possible way.