1 Pfennig - Bremen Bremer Lagerh. Ges.

The Bremer Lagerhaus-Gesellschaft was founded in 1877 to manage Bremen's expanding port warehouse infrastructure — a direct consequence of Germany's rapid commercial growth following unification. Iron notgeld tokens like this one were issued by industrial and logistics firms during World War I and the years immediately following, when copper and other non-ferrous metals were requisitioned for the war effort and small-denomination coinage effectively vanished from circulation. Workers needed something to make change.

Iron was a poor substitute — it corrodes readily in the damp warehouse environment where these tokens circulated daily.