148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
View demo
The auction has ended
|
LOT 5764:
1920 Municipality of Pennewang, Upper Austria 20 Heller Post-WWI Notgeld Note Grades Gem CU. Notgeld is German ...
more...
|
|
|
Sold for: $5
Start price:
$
5
Estimated price :
$25 - $100
Buyer's Premium: 18%
|
1920 Municipality of Pennewang, Upper Austria 20 Heller Post-WWI Notgeld Note Grades Gem CU. Notgeld is German for "emergency/necessity money". Notgeld typically refers to German and Austrian notes produced in the post-WWI period. Somewhat similar to Depression Scrip in the USA, these notes were issued when there wasn'te nough state-produced money available from the central bank. Issuing institutions were often a town's savings banks, municipalities, or private or state-owned firms. Nearly all issues contained an expiry date, after which time they were invalid. Issues without dates ordinarily had an expiry announced in a newspaper or at the place of issuance.
