1920 Walding Austria 10, 20, 50 Heller Notgeld Complete Set - WWI Austrian Notgeld - 1920 Austria Emergency Note Full Denomination Set

This listing is for the photographed Set of 5 1920 Walding Austria 10, 20, and 50 Heller Notgeld. This is a complete set of the notgeld issued in this series. They were issued in the Municipality of Walding immediately following World War I as inflation raged through the defeated nation. Most other Austrian localities followed suit, resulting in many varied and specific Austrian "notgeld" from this time. Uncirculated (UNC) grade/condition, crisp notes! Great find with an interesting history!

Emergency money printed in Germany and Austria immediately after WWI is widely known as "notgeld". The two countries experienced extreme periods of inflation and economic turmoil after their loss in WWI, resulting in municipalities, towns, and state-owned firms to issue their own emergency currencies. The notgeld would be issued with an expiration date, after which they would become invalid. These historically important souvenirs from the interwar periods are an interesting find, representing WWI history and Austria's economic downfall immediately after.

These notes are 104 years old this year!

Well-preserved Austrian notgeld and fantastic pieces of history! Must have for any collection!

Thanks for stopping by!

1920 Walding Austria 10, 20, 50 Heller Notgeld Complete Set - WWI Austrian Notgeld - 1920 Austria Emergency Note Full Denomination Set