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1 Pfennig - Kappel Maschinenfabrik

Issuer Kappel Maschinenfabrik
Year
Type Emergency coin
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Obverse description Octagonal zinc notgeld token with a plain field at center bearing the large numeral '1' denoting the denomination, enclosed within a circular beaded border. The circular legend 'MASCHINENFABRIK KAPPEL' surrounds the beaded ring, reading along the upper periphery. A small five-pointed star device appears at the base of the legend, serving as a stop mark. The overall design is utilitarian and unadorned, consistent with emergency coinage of the German inflation period.
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Reverse description Reverse design mirrors the obverse in layout, featuring the numeral '1' at center within a double beaded circular border. The circular legend 'MASCHINENFABRIK KAPPEL' runs along the periphery, with a small five-pointed star serving as a separator at the base. The plain octagonal field exhibits the characteristic zinc patina and simple raised lettering typical of privately issued German Notgeld tokens from the early 1920s.
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Additional information

Kappel Maschinenfabrik was a textile machinery manufacturer in Chemnitz, Saxony, that issued notgeld coinage during the acute small-change shortage of the early 1920s. Factory-issued pfennig pieces of this type circulated as internal currency — redeemable at the company canteen or store — effectively subsidizing wages at a moment when the Reichsbank could not keep fractional coinage in circulation fast enough to meet demand. Zinc was the only practical option by then; copper and nickel had long since been redirected elsewhere.

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