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10 Heller

Issuer Principality of Liechtenstein
Year 1920
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Reference(s) P#1
Obverse description The left half of the note is occupied by the ornate national coat of arms of Liechtenstein, printed in dark blue over a pink guilloche underprint, surmounted by a princely crown and set within an elaborate cartouche. The right half carries the text panel within a decorative red letterpress border, with the denomination 'Zehn Heller' rendered in bold Gothic script. Two manuscript signatures appear at the foot of the text panel, identifying the Landtagspräsident and the Landesverweser.
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Reverse description The entire reverse is occupied by an intaglio vignette of a historic building in Vaduz, printed in dark blue on a plain pink guilloche ground. The architectural scene is enclosed within an ornate oval cartouche with decorative scroll borders, presenting a detailed engraved view of the cobblestone courtyard and arched facade of the structure. The note is unlettered on the reverse.
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Liechtenstein issued its own emergency paper money — Notgeld — only once, in 1920, and this 10 Heller is among the smallest-denomination notes in that series. The principality had no central bank and no printing infrastructure of its own; the notes were produced locally under the authority of Prince Karl, whose signature appears alongside that of government official Fred. Wangler. The Heller itself was already a dying unit — Austria abolished it the same year.

Pick #1 is the opening entry in Liechtenstein's entire paper money history, which remains one of the shortest national issues on record.

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