20 Heller Ulmerfeld

Ulmerfeld is a small market town in Lower Austria, and like hundreds of similarly sized municipalities, it issued Notgeld during the postwar economic chaos when small-denomination coinage had all but vanished from circulation. The 20 Heller denomination was among the most commonly needed for everyday transactions, which is precisely why these local issues were produced in such volume — and why so many were redeemed promptly once the crisis eased, leaving fewer survivors than the original print runs might suggest.

The Jaksch catalogue reference places this firmly within the Austrian municipal Notgeld corpus of 1920, a year when hundreds of such issues competed for legitimacy in the absence of centrally issued small change.