10 Heller Pennewang

Pennewang is a small rural commune in Upper Austria, and this 10 Heller note is a product of the Notgeld wave that swept Austrian municipalities between 1919 and 1921 — a direct consequence of the coin shortages that followed the collapse of the Habsburg monetary system. Local governments were legally permitted to issue their own emergency small change, and hundreds did, ranging from major cities to villages of a few hundred souls.

Josef Humer's signature as issuing authority places this squarely in the administrative record of a community that would have produced these in very limited print runs for purely local use. The Jaksc reference JPR0727d suggests a documented series, though Pennewang issues rarely surface outside regional Austrian collections.