60 Heller Wolfern

Wolfern is a small municipality in Upper Austria, and its 60 Heller notgeld belongs to the vast wave of locally issued emergency currency that flooded Austria between roughly 1920 and 1922. The denomination itself — 60 Heller — reflects the fractional coinage shortages that plagued the post-war Austrian economy as the old Habsburg monetary system collapsed and the new Republic scrambled to stabilize exchange.

Small communes like Wolfern were essentially on their own. No central authority coordinated design or printing quality at the village level, which is why notgeld from these minor issuers varies so wildly in execution.