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20 Heller Losenstein
| Issuer | Gemeinde Losenstein (Municipality of Losenstein) |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 20 Hellers (0.20) |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Gutschein der Gemeinde Losenstein Zwanzig 20 Heller Die Gemeinde Losenstein haftet für die Verbindlichkeit diesen Schein in gesetzlichem Bargelde einzulösen und hat hiefür eine eigene Deckungsrücklage bestellt. Die Nachahmung dieses Scheines wird gesetzlich bestraft. – Gültig bis 31. Dezember 1920. Der Bürgermeister: Jos. Schörkhuber. |
| Reverse description | Log in to see details |
| Reverse lettering | Gutschein der Gemeinde Losenstein 20 20 20 20 Diese Gutscheine werden bis 31. Dezember 1920 in gesetzlichem Bargeld eingelöst. |
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| Comments |
Losenstein is a small market town in Upper Austria, and like hundreds of Austrian municipalities in 1920, it resorted to printing its own small-denomination emergency money — Notgeld — to compensate for the near-total disappearance of coins from circulation. The postwar coinage shortage was severe enough that even villages with no meaningful financial infrastructure were issuing paper in values of a few Heller.
Bürgermeister Josef Schörkhuber's signature carries the full legal weight of the issue — municipal Notgeld was backed by nothing more than local civic authority and the expectation of eventual redemption.