10 Pfennig

Hoym is a small town in the Harz foothills, and like hundreds of German municipalities in 1921, its Magistrat issued Notgeld to address the chronic small-denomination coin shortage that had persisted since the war. Louis Koch in Halberstadt was a regional printer who handled a significant volume of this municipal emergency currency across the Harz and Bode Valley area — competent work, but with none of the artistic ambition seen in the collector-oriented Serienscheine flooding the market at the same time.

The 1921 dating places this in the transitional period between the practical postwar Notgeld and the hyperinflationary collapse still a year away.