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20 Heller Aschach a. d. Donau
| Issuer | Marktgemeinde Aschach an der Donau |
|---|---|
| Year | 1920 |
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| Currency | Krone (1918-1921) |
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| Obverse description | Multicolour Notgeld vignette in letterpress with a central town coat of arms divided into quarters with grapevine and decorative motifs, flanked by two full-length figures in period costume — a gentleman in a long blue coat to the left and a labourer in a red shirt to the right — both set against a riverside landscape. The denomination '20 Heller' appears on a stone tablet at centre bottom, with corner value tablets reading '20 Heller' at each corner. Artists' signatures 'Richard Kring' and 'Franz Hürzner' are inscribed at the lower left and lower right respectively, and a ribbon scroll above the arms bears 'Notgeld 1920'. |
|---|---|
| Obverse lettering | Notgeld 1920 20 Heller Marktgemeinde Aschach a. d. Donau |
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| Comments |
One of hundreds of Austrian municipal Notgeld issues flooding the market after the First World War, this 20 Heller from Aschach an der Donau belongs to the 1920 wave of locally printed emergency small change that filled the vacuum left by the severe coin shortage gripping the new Austrian republic. The Reichsbank had all but stopped supplying subsidiary coinage to provincial towns, and market communes like Aschach — a small Danube river port in Upper Austria — were left to fend for themselves.
These Marktgemeinde issues were typically authorized for very short redemption windows, after which they became legally worthless. That deadline drove hoarding, which is largely why so many survive today in uncirculated condition.