20 Heller Ternberg

Ternberg is a small market commune in Upper Austria, and like hundreds of similarly sized Austrian municipalities, it issued its own emergency paper money — Notgeld — in the years following World War I when the central supply of small coins essentially collapsed. The 20 Heller denomination sits squarely in the range most in demand for everyday transactions, which meant these notes circulated hard and were rarely set aside.

The Graz printing origin is consistent with a regional printer serving multiple Upper Austrian communes simultaneously during this period. Bürgermeister Grosstessner's signature gives the note its local administrative authority — municipal Notgeld had no formal legal tender status beyond the goodwill of the issuing community.