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BANK NOTES FROM AUSTRIA NOTGELD

Austrian municipalities experienced coin shortages during the revolution of 1848, especially in the Czech towns, and therefore many municipalities and industrial concerns issued Notgeld as a temporary measure. By 1850, the state finances were in such an order as to render them unnecessary, though certain parts of Hungary still experienced shortages as late as 1860, requiring Notgeld-type issues.

AUSTRIA 1

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