99 Heller Wien

This note was issued not by a bank or government ministry but by a veterans' welfare federation representing war invalids and the bereaved families of fallen soldiers — one of dozens of quasi-private emergency issuers that proliferated across Austria in 1920 as postwar Kleingeldnot, the acute small-change shortage, left ordinary commerce grinding. The issuing authority covered both Vienna and Lower Austria, giving it unusually broad geographic reach for a Notgeld of this type.

M. Glatz is a relatively obscure figure in the broader Notgeld design world, which makes attribution here worth noting for collectors tracking provincial Austrian graphic work of the period.