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| 表面の説明 | Dark grey-blue letterpress Notgeld note with an elaborate foliate and scroll underprint filling the entire field. A central vignette presents a panoramic view of Unter-Loiben village with its church steeple set against rolling hills, framed above by a ribbon scroll bearing the legend 'Notgeld' in Gothic blackletter. A second ribbon scroll below carries the place name 'Unter-Loiben in der Wachau', and the denomination numeral '50' appears within a heraldic shield at the lower centre. The designer's name 'Otto Luhde' is printed in small Roman type at the lower right margin. |
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| 表面の銘文 | Notgeld Unter-Loiben in der Wachau 50 OTTO LUHDE |
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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.