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50 Heller Unter-Loiben
| Issuer | Gemeinde Unter-Loiben (Municipality of Unter-Loiben) |
|---|---|
| Year | 1920 |
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| Shape | Rectangular |
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| Reverse description | The reverse is printed in the same dark grey-blue letterpress style, with a wavy-line guilloche underprint across the upper portion. Three scroll cartouches at the top carry the denomination '50 Heller 50' in Gothic blackletter. The central text field bears the municipal liability pledge in Gothic script, followed by the place and date 'Loiben, am 2. Mai 1920' flanked by a small decorative vignette of a vine cluster. The signatures of the Vizebürgermeister, Bürgermeister, and Gemeinderat appear in manuscript below their respective titles, and the validity legend 'Gültig bis 30. November 1920' is set in bold Gothic type along the lower margin. |
| Reverse lettering | 50 Heller 50 Die Gemeinde Unter-Loiben haftet für diese Verbindlichkeit mit ihrem beweglichen und unbeweglichen Vermögen Loiben, am 2. Mai 1920 Vizebürgermeister: Bürgermeister: Gemeinderat: Gültig bis 30. November 1920 |
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| Comments |
Unter-Loiben is a small wine-producing village on the Danube in Lower Austria, and this 50 Heller note is a product of the acute coin shortage that plagued Austria in the years immediately following the collapse of the Habsburg Empire. Municipalities across the new Austrian republic issued their own Notgeld to keep local commerce functioning when the central monetary system could not supply adequate small change. Hundreds of these village-level emissions appeared between 1919 and 1921.
Otto Luhde designed several Austrian Notgeld issues during this period, and his work on small-denomination municipals is reasonably well documented among collectors of the series.