Hanging flag of the city of <a href="https://en.wikipedia.org/wiki/Penzberg" class="extiw" title="en:Penzberg">Penzberg</a>
<a href="//commons.wikimedia.org/wiki/User:J%C3%BCrgen_Krause" title="User:Jürgen Krause">Jürgen Krause</a>
granted on 28 November 1919
<a rel="nofollow" class="external text" href="http://www.kommunalflaggen.de/cgi-bin/db.pl?eintrag:09190141:">Kommunalflaggen.de</a>