60 Heller Pasching

Pasching is a small municipality in Upper Austria, and this 60 Heller note is a product of the Notgeld wave that swept Austrian communities in the postwar years — a direct consequence of the severe coin shortage that followed the collapse of the Habsburg monetary system in 1918. Local governments, businesses, and even individual estates printed their own emergency small-denomination paper because the new Republic simply could not mint enough coinage fast enough to meet everyday transactional demand.

The Jaksch catalogue reference confirms this as a genuine municipal issue rather than one of the later "collector Notgeld" series printed speculatively for philatelic sale, which flooded the market from 1921 onward and were rarely, if ever, circulated.