20 Heller Fraham

Fraham is a small municipality in Upper Austria, and like hundreds of similarly sized communities, it issued Notgeld during the postwar period when small-denomination coinage had effectively vanished from circulation. The 20 Heller denomination places this squarely in the utility tier of Austrian Notgeld — not the decorative collector-targeted issues that larger towns produced by 1921, but a note made because people needed change.

Karl Sinkley's signature as issuing authority is the only individuating detail the administrative record offers. The Jaksch/Pick reference JPR0205c-20 suggests at least two other denominations in the Fraham series.