Fockendorf's paper mill, located in Thuringia, issued notgeld coinage during the acute metal and currency shortages of the early Weimar period. Factory-issued iron pfennig pieces like this one were a practical response to the near-total disappearance of small change from circulation — workers needed to make purchases at company canteens and stores, and the Reichsbank could supply neither coin nor reliable small denominations. The issuing firm's own scrip filled the gap.
Fockendorf's paper mill, located in Thuringia, issued notgeld coinage during the acute metal and currency shortages of the early Weimar period. Factory-issued iron pfennig pieces like this one were a practical response to the near-total disappearance of small change from circulation — workers needed to make purchases at company canteens and stores, and the Reichsbank could supply neither coin nor reliable small denominations. The issuing firm's own scrip filled the gap.