50 Heller

Penking is a village in Upper Austria that never had more than a few hundred residents — the kind of place that issued Notgeld purely because the national coinage shortage left it no choice. Following the collapse of Austria-Hungary, small municipalities across the former empire printed their own emergency notes to cover everyday transactions that coins could no longer facilitate. Penking's 1920 series is among the more modestly documented examples from the region.

The designer credit to H. Sieber and the single authorizing signature of Josef Edlmaier suggest local production with minimal institutional overhead. The Jaksc catalog suffix "lla" indicates a known variety within the 50 Heller denomination — likely a printing or paper distinction from an otherwise identical issue.