10 Heller Grödig - Eisenwerk

Eisenwerk Grödig was an ironworks operation in the village of Grödig, just south of Salzburg, and like hundreds of Austrian industrial employers during the First World War, it issued its own small-denomination emergency currency — Notgeld — to address the acute shortage of coin in circulation after 1914. The imperial government had effectively hoarded metal coinage, leaving workers with no practical way to make small transactions.

The Jaksch/Pick reference places this firmly within the Austrian industrial Notgeld corpus. These notes were redeemable only at the issuing works, which made them instruments of economic captivity as much as convenience.