Hanomag's Linden factory issued zinc notgeld pfennigs during the early 1920s when small-denomination coinage had effectively vanished from daily circulation — hoarded, melted, or simply overwhelmed by inflation. Factory-issued tokens like this one served as internal wage-change currency, accepted at plant canteens and company stores but worthless two streets away. Hanomag at the time was one of Germany's largest industrial employers, producing locomotives and agricultural machinery on a massive scale before pivoting to tractors and trucks later in the decade.
Hanomag's Linden factory issued zinc notgeld pfennigs during the early 1920s when small-denomination coinage had effectively vanished from daily circulation — hoarded, melted, or simply overwhelmed by inflation. Factory-issued tokens like this one served as internal wage-change currency, accepted at plant canteens and company stores but worthless two streets away. Hanomag at the time was one of Germany's largest industrial employers, producing locomotives and agricultural machinery on a massive scale before pivoting to tractors and trucks later in the decade.