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1 Pfennig Ertel and Sohn

Issuer Ertel & Sohn (Munich Canteen)
Year 1920
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Value 1 Pfennig (0.01)
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Obverse description Narrow vertical strip printed on buff-coloured paper with perforated edges, issued as canteen money in an uncut pair format. The design is repeated twice: each unit carries the two-line inscription 'Kantinen-Geld' at the top, a red guilloche underprint with the word 'München' in the centre field, and the denomination '1 Pfg.' in bold black letterpress below, followed by the issuer name 'Ertel & Sohn'. A bold red diagonal stroke mark is visible across the face of the upper coupon.
Obverse lettering Kantinen-Geld
1 Pfg.
Ertel & Sohn
Kantinen-Geld
1 Pfg.
Ertel & Sohn
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Comments

Ertel & Sohn was a Munich-based precision instrument manufacturer — optical and geodetic equipment primarily — and this tiny Pfennig note is a piece of Notgeld issued from their factory canteen during the acute small-change shortage that followed Germany's postwar economic dislocation. Municipalities, businesses, and private firms across Germany flooded the market with emergency scrip between 1918 and 1923, and canteen tokens of this type were among the most ephemeral: printed for internal use, redeemed quickly, and rarely preserved.

The strip format, at 50 × 15 mm, is among the narrowest produced during the Notgeld period.

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