20 Heller Peterskirchen

Austrian municipal Notgeld of this type emerged from a coin shortage so acute that even tiny rural communities were forced to issue their own fractional paper. Peterskirchen — a small Upper Austrian parish — produced this 20 Heller note in 1920, well into the postwar inflation spiral that made small-denomination coinage effectively worthless as a medium of exchange. The two signatories, Bürgermeister Straßer and his deputy Freund, would have signed or authorized the printing locally, as was typical for parish-level issues.

The Jaksch/Pick reference JPR0736-20 places this within the systematic cataloguing of Austrian Notgeld, a field where completeness matters more than rarity — most of these notes survived in collector hands rather than commerce.