10 Pfennig

Nachterstedt notgeld from 1921 falls squarely within the second wave of German municipal emergency money, issued as the Reichsbank struggled to keep small-denomination coins in circulation amid postwar inflation. Gemeinde Nachterstedt is a small locality in the Anhalt region, best known historically for its lignite mining activity — the kind of industrial village that issued notgeld primarily to pay local workers when coin simply wasn't available at the point of wage distribution.

The Grabowski-Mehl reference numbering places this within a well-documented series, but individual municipal pieces from communities this size often survive in surprisingly uneven quantities, with some print runs essentially exhausted in circulation and others stockpiled by contemporary collectors who drove a secondary notgeld market that was already flourishing by mid-1921.