50 Kronen Graslitz

Graslitz (now Kraslice, Czech Republic) was one of dozens of Bohemian and Moravian districts that issued emergency paper money — Notgeld — in the autumn of 1918 as the Austro-Hungarian monetary system collapsed around the armistice. These district-level issues filled an acute small-denomination vacuum; the central authorities had neither the capacity nor the coherence to respond in time.

The watermarked paper is worth noting. Most comparable district issues from this period used whatever stock was locally available, often plain. A security watermark on a Bezirk-level emergency note suggests either pre-existing administrative paper stock was repurposed, or the district had unusual access to better-quality materials through local industrial connections — Graslitz was a significant center of musical instrument manufacturing.