Austria. - 100 Notgeldscheine 1920's (No reserve price)

Austrian emergency money until 1920. The Austrian Notgeld emerged during World War I due to a shortage of metal coins. Coins were hoarded or used for the war industry, making especially small denominations scarce. Municipalities, towns, companies and institutions therefore issued temporary own banknotes. The first important issues appeared from 1918, particularly in Tyrol, including Innsbruck, Kufstein and Kitzbühel. The usual values were 10, 20 and 50 Heller, but higher values also appeared, sometimes up to 100 Kronen. This so-called Großgeld was intended for larger payments. After the dissolution of Austria-Hungary in 1918 production increased greatly. In 1919 and especially 1920 hundreds of Austrian municipalities issued their own emergency money. Upper Austria became an important center in particular. The banknotes were usually valid for only a short time and could be exchanged at the issuer. From 1920 the banknotes increasingly took on an artistic and local character. Castles, churches, town halls, landscapes, weapons and historical figures were depicted. Due to the strong interest of collectors, special series, color variants, print variants and other issuances appeared, sometimes hardly intended for daily circulation. In addition to municipal Notgeld there were Privatnotgeld from companies and shops and Lagergeld for use within certain institutions or closed communities. Important collecting areas are Tyrol, Salzburg, Vorarlberg, Vienna, Lower Austria, Upper Austria, Styria and Carinthia. For Upper Austria hundreds of municipalities are known. One municipality could also issue dozens of different variants. 1920 marks an important endpoint for a collection, because from the end of that year issuance became increasingly restricted. Austrian Notgeld from this period is presently interesting because of both its historical significance and its great artistic and local diversity. For a comprehensive study, the catalogs of Johann Kodnar & Norbert Künstner, Katalog des österreichischen Notgeldes 1914–1924, and the regional catalogs of the Oberösterreichische Landesarchiv are of importance. These are 100 Notgeld banknotes from Austria. They are of varying quality (look at the photos to get a good impression; what you see is what you get). No items are shipped to the United States of America. 17

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