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60 Heller Schwaz
| Issuer | Stadtgemeinde Schwaz (Municipality of Schwaz) |
|---|---|
| Year | 1920 |
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| Printer | Wagner, Innsbruck |
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|---|---|
| Obverse lettering | Kassenschein über Sechzig Heller Die Stadtgemeinde Schwaz haftet mit ihrem ganzen Vermögen für die Einlösung dieses Scheines und wird derselbe bis 31. Jän. 1921 eingewechselt. Der Stadtkämmerer: Der Geldwart: Der Bürgermeister: 1. AUFLAGE WAGNER, INNSBRUCK |
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| Reverse lettering | 60 60 Schwaz in Tirol Die ersten Erzfunde i. J. 1420 |
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| Comments |
Schwaz, a silver-mining town in the Inn valley, had seen its greatest wealth four centuries earlier — by 1920 it was a small Tyrolean municipality scrambling to address the chronic small-change shortage that plagued Austria following the collapse of the Habsburgs. These Heller-denomination Notgeld issues were a direct response to that collapse: the new Austrian state could not supply enough low-denomination coinage, so local authorities were left to fill the gap themselves.
The Wagner printing house in Innsbruck produced a large number of similar Tyrolean municipal issues during this period, which occasionally creates attribution confusion between towns. Three signatories — the mayor, the town treasurer, and the cash warden — were required to validate each note, a procedural formality inherited from pre-war municipal finance practice.