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20 Heller Losenstein
| Issuer | Gemeinde Losenstein (Municipality of Losenstein) |
|---|---|
| Year | 1920 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Die Gemeinde Losenstein gibt Gutscheine bis zu einem Betrage v. 8000 Kr. aus. Diese Gutscheine werden bis 31. Dezemb. 1920 in gesetzlichem Bargelde eingelöst. Losenstein am 7. Dez. 1919. 20 |
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| Signature(s) | Jos. Schörkhuber (Bürgermeister) |
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| Comments |
Losenstein is a small market commune on the Enns river in Upper Austria, and this 20 Heller note is a product of the Notgeld emergency that followed Austria's collapse after the First World War. The national currency system was in disarray, coins had disappeared from circulation through hoarding and melting, and hundreds of municipalities — including minor ones like Losenstein — were authorized to issue their own small-denomination paper to keep local trade moving.
E. Prietzel in nearby Steyr handled the printing, a logical choice given the town's proximity. Bürgermeister Jos. Schörkhuber's signature appears as the authorizing official — a detail that underscores how thoroughly local these instruments were.