10 Pfennig - Cottbus

Cottbus issued this iron notgeld piece in 1921 as postwar metal shortages and rampant inflation continued to disrupt the supply of Reichsbank coinage. Municipal and private issuers across Germany filled the gap with locally produced emergency money, and iron — already familiar from wartime Kriegsmünzen — was a practical choice when copper and nickel remained scarce. The Funck catalogue distinguishes at least two die varieties for this type, of which this is the second.