50 Heller

Pupping is a village in the Eferding district of Upper Austria with a population that has rarely exceeded a few hundred. That it issued its own emergency money at all speaks to how completely the Austro-Hungarian monetary system collapsed at the close of the First World War — even parishes this small were authorized to print Notgeld to cover the chronic coin shortage that gripped the region from 1919 onward.

The Jaksc reference places this within the extensive Upper Austrian Notgeld cataloguing work, a necessary supplement to Pick given how numerous and locally varied these municipal issues were. Survival rates vary sharply by commune; smaller issuers like Pupping typically produced limited runs, and many were redeemed quickly once stabilization came.