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60 Heller Krems

Uitgever Krems an der Donau, City of
Jaar 1920
Type Local banknote
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Opschrift voorzijde HEIMBEFÖRDERUNG
1. DEUTSCH-ÖSTERREICHISCHE
NOTGELDAUSSTELLUNG
60 KREMS 60
AUGUST 1920 SEPTEMBER
ZU GUNSTEN DER
KRIEGSGEFANGENEN
ADMEN
Beschrijving keerzijde Plain orange-toned reverse with black letterpress text. The denomination 'Sechzig 60 Heller' is printed at the top in bold type. A central paragraph in German states that this amount constitutes a donation for the repatriation and welfare of Austrian prisoners of war and compatriots, issued by 'O.D.U.A.' on behalf of the Notgeldausstellung Krems a.D. 1920. The notation '1. Auflage.' (First Edition) appears at the upper left.
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Opmerkingen

Austrian municipal Notgeld issues of 1920 are common enough, but Krems an der Donau was among the more prolific small city issuers in Lower Austria, producing multiple series as the chronic postwar coin shortage persisted well past the armistice. The 60 Heller denomination sits in the middle of the practical circulation range — low enough for everyday transactions, high enough to justify the printing cost.

By 1920 the Austro-Hungarian crown was collapsing in purchasing power, which paradoxically extended the useful life of local Notgeld: inflation made small state-issued coins vanish from circulation faster than municipalities could replace them with emergency paper.

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