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20 Heller Aschach a. d. Donau

Issuer Marktgemeinde Aschach an der Donau
Year 1920
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Shape Rectangular
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Obverse description Central vignette shows the town coat of arms flanked by two period figures in coloured costume against a landscape underprint. Denomination '20 Heller' appears in each corner and in a cartouche at bottom centre; the ribbon banner above reads 'Notgeld 1920'. Artist signatures appear at lower left and lower right margins.
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Reverse description Plain cream paper with a fine pink guilloche underprint covering the field. The heading in Gothic blackletter reads 'Gutschein der M.-G. Aschach über 20 Heller', followed by a redemption clause in German text. Multiple manuscript signatures of municipal officials appear in the lower half.
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Comments

Aschach an der Donau is a small market town in Upper Austria, and this 20 Heller note is a product of the acute small-change shortage that gripped Austria in the immediate postwar years. The collapse of the Habsburg monetary system left municipal and local authorities scrambling to fill the gap — thousands of Gemeinden issued their own Notgeld between roughly 1919 and 1922, most in tiny print runs intended for purely local use.

Few of these hyperlocal issues made it far beyond the communities that printed them, which is precisely why survival rates vary so dramatically from one town to the next.

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