10 Heller Prägarten

Prägarten is a small Upper Austrian municipality, and like hundreds of similar communities, it issued its own emergency paper money — Notgeld — during the acute coin shortage that followed the First World War. The Heller denominations were the most practical stopgap: small change had effectively vanished from circulation by 1919, hoarded or melted, and local governments filled the gap themselves rather than wait for Vienna.

Emil Priehal in Steyr handled a significant volume of municipal Notgeld commissions across Upper Austria. The JPR reference series covers an extensive range of Prägarten issues, and the "d" suffix on this Pick number indicates it belongs to a subseries — likely distinguished by a date, color variant, or overprint from otherwise identical pieces in the same run.