20 Heller St. Nikola an der Donau

Sankt Nikola an der Donau is a small market town on the Austrian stretch of the Danube, and this 20 Heller note is a product of the Notgeld wave that swept rural Austria in the early postwar years as small coin disappeared entirely from circulation. J. M. Hiebl was a local printer in nearby Grein — a modest commercial operation, not a security press — which is exactly what you'd expect for municipal emergency scrip of this kind.

The Jaksc reference suffix "Ib-20.2" suggests at least one variant exists within the type, likely a stamp or paper distinction.