99 Heller Oberalm

Oberalm is a small community south of Hallein in the Salzburg region, and this 99 Heller note belongs to the enormous wave of Austrian municipal Notgeld issued between 1919 and 1921 — a direct consequence of wartime coin hoarding and the near-total disappearance of small change from circulation after the collapse of the Habsburg monetary system. Municipalities, businesses, and even individual estates printed their own emergency fractions to keep local commerce functional.

The odd denomination of 99 Heller was not unusual in Austrian Notgeld — issuers deliberately avoided round figures to discourage hoarding and encourage redemption.