20 Heller Oberachmann

Oberachmann is a small village in Upper Austria, and this Heller note is a product of the Notgeld wave that swept Austrian municipalities between 1919 and 1921 — a direct consequence of the coin shortage that followed the collapse of the Habsburg monetary system. With the new Republic struggling to mint small change at scale, thousands of Gemeinden printed their own emergency pfennig-and-heller denominations rather than watch local commerce grind to a halt.

Franz Ecker's signature as issuing authority gives this note its legal standing within the municipality. At 20 Heller, it sits at the lower end of the denominations Oberachmann issued in this series.