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

Austrian emergency money up to 1920.
Austrian Notgeld emerged during World War I due to a shortage of metallic coinage. 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 significant issues appeared from 1918, notably in Tyrol, including Innsbruck, Kufstein and Kitzbühel. The usual denominations 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 sharply. In 1919 and especially 1920 hundreds of Austrian municipalities issued their own emergency money. Upper Austria became an important center in particular. The notes were usually valid only for a short time and could be exchanged at the issuing authority.
From 1920 the banknotes increasingly took on an artistic and local character. Castles, churches, town halls, landscapes, insignia and historic figures were depicted. Thanks to the strong interest from collectors, special series, color variants, print variants and other issues appeared that were sometimes hardly intended for everyday payment traffic.
In addition to municipal Notgeld there were, among others, 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. A single municipality could also issue dozens of different variants.
1920 forms an important endpoint for a collection, because from the end of that year the issuance became increasingly limited. Austrian Notgeld from this period is nowadays interesting for both its historical significance and its great artistic and local diversity.
For a detailed study the catalogs by Johann Kodnar & Norbert Künstner, Katalog des österreichischen Notgeldes 1914–1924, and the regional catalogs of the Oberösterreichische Landesarchiv are particularly important.

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). We do not ship items to the United States of America.