20 Heller Lohnsburg

Lohnsburg is a small market town in Upper Austria, and like hundreds of similarly sized municipalities, it issued Notgeld in the early postwar years to address the catastrophic small-coin shortage that followed Austria's dissolution from the Habsburg Empire. The Heller, already a fractional unit of little purchasing power before the war, had essentially vanished from everyday commerce by 1920 — hoarding and metal shortages had seen to that.

Josef Senzenberger's signature as Bürgermeister gives this note its legal standing, such as it was. Municipal Notgeld carried no national guarantee; redemption depended entirely on the issuing commune's willingness and solvency when the crisis passed.