75 heller Oberalm

Austrian municipal notgeld from the post-WWI economic collapse, when small-denomination coinage had all but vanished from circulation and hundreds of local authorities printed their own emergency scrip to keep commerce moving. Oberalm is a small village in Salzburg's Tennengau district, and notes from minor rural municipalities like this one were typically printed in short runs — often by local printers with no specialist banknote experience — which accounts for the considerable variation in paper quality and registration found across the series.

Klappacher's signature identifies the authorizing official rather than a bank officer; no central banking oversight applied to this class of issue.