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20 Heller Rattenberg

Issuer Stadt Rattenberg in Tirol
Year 1920
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Obverse description Printed in red and black on buff paper, the obverse carries a banner cartouche at the top with the issuer inscription in Gothic script. The central field presents the denomination in large Gothic lettering flanked by two lateral vignettes: at left, a decorative medallion with a stylized wheel motif over serpentine ornaments with a small '20' value tablet below; at right, the Tyrolean eagle coat of arms within a ruled frame, also with a '20' tablet below. The numeral '20' appears in white on a dark rosette at centre, with the printer's imprint 'WAGNER INNSBRUCK' at lower left.
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Reverse description Printed in red-brown and black on buff stock, the reverse presents at left an oval vignette enclosed by a decorative rope-and-leaf border containing an engraved view of the Rattenberg castle ruins on a rocky hillside. A ruled text panel to the right carries the Kassenschein legend, validity clause, and validity date in Gothic script, followed by three facsimile manuscript signatures for the Bürgermeister, Vizebürgermeister, and Stadtkämmerer. The denomination '20 Hl.' appears in bold at upper right, the edition designation 'II. AUFLAGE.' is printed vertically at far left, and the printer's imprint 'WAGNER INNSBRUCK.' is at lower right.
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Rattenberg, on the Inn River in Tyrol, holds the distinction of being Austria's smallest town — a fact that makes its wartime and postwar emergency currency (Notgeld) production something of a curiosity in itself. This 20 Heller note was issued amid the severe coin shortage that gripped German-speaking Austria following the collapse of the Habsburg monarchy, when municipalities of almost any size were permitted to float their own small-denomination scrip.

Wagner of Innsbruck printed extensively for Tyrolean communities during this period. Many of these notes were redeemed and destroyed within a year or two of issue, making intact survivors more common in collector hands than in any economic record.

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