20 Heller Puchberg bei Wels

One of thousands of Austrian municipal Notgeld issues printed during the postwar currency crisis, this 20 Heller note from Puchberg bei Wels belongs to a period when the central government simply could not supply enough small-denomination coinage to meet everyday demand. Municipalities across Upper Austria took matters into their own hands, commissioning local or regional printers to produce emergency scrip that was, technically, illegal under Austrian monetary law but universally tolerated.

The "b" variant designation in the Jaksc catalogue typically indicates a printing or paper difference from the first issue — worth checking against the "a" type if provenance matters.