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10 Pfennig Cröllwitzer Actien-Papierfabrik

Issuer Cröllwitzer Actien-Papierfabrik
Year 1919
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In circulation to 31 December 1921
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Obverse description Printed on pink paper in Fraktur (blackletter) script throughout, the obverse is divided into four corner panels each bearing the numeral '10' above the word 'Pfennig', framing a central text field. The heading reads 'Gutschein über Zehn Pfennige' in large display type, followed by a clause stating acceptance at the factory's goods sales point, dated 'Halle-Cröllwitz, 1. September 1919'. The lower central section carries the issuer's name 'Cröllwitzer Actien-Papierfabrik' and a validity clause specifying the note is redeemable only until 31 December 1921 and only when the firm's stamp with a number is applied to the reverse.
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Protection type Control stamp
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Comments

Cröllwitzer Actien-Papierfabrik was a paper mill on the Saale river near Halle, and the irony of a paper manufacturer issuing its own emergency currency printed on paper is not lost on serious collectors. This is classic Notgeld from the postwar coinage drought of 1919, when small-denomination metal coins had effectively vanished from circulation and hundreds of German employers, municipalities, and firms issued their own scrip to make change for workers and customers.

The control stamp as the primary security feature reflects how informal these issues were — no intaglio, no watermark, just the mill's own mark as an authentication device. Practical and cheap, which suited the moment.

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