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50 Heller Wörgl
| Issuer | Marktgemeinde Wörgl (Market Town of Wörgl) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Hohe Salve Wörgl in Tirol 4. AUFLAGE |
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| Signature(s) | Unterguggenburger (1. Vizebürgermeister), Felghamns (2. Vizebürgermeister) and Loinger (Bürgermeister) |
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| Comments |
Wörgl issued its own emergency currency — Notgeld — in 1920 alongside hundreds of other Austrian towns scrambling to cover a severe coin shortage in the immediate postwar collapse. The Wagner print shop in Innsbruck produced several denominations for the Marktgemeinde. Nothing exceptional there.
What makes Wörgl notable in monetary history comes a decade later: in 1932, the same small Tyrolean town launched a famous "stamp scrip" experiment under Bürgermeister Michael Unterguggenberger, designed to accelerate local spending through demurrage. That later experiment is frequently and incorrectly conflated with these 1920 Notgeld issues, which predate it entirely and have no connection to Silvio Gesell's freigeld theory.