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10 Pfennig Einswarden, Frerichswerft

Issuer Frerichswerft, Einswarden
Year 1918
Type Local banknote
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Obverse description Plain cream-coloured paper note of typeset letterpress construction, entirely without pictorial vignette or guilloche underprint. The denomination "10 Pfg." appears in the upper left and upper right corners flanking the bold centred heading "Gutschein / über", below which the value "Zehn Pfennig" is set in large bold type. A fine horizontal rule separates the value from the place and date inscription "Einswarden, im Februar 1918." and the issuer name "Frerichswerft" in bold. A diagonal yellow-ochre underprint bearing the issuer name runs across the face, with a red manuscript signature appearing at lower centre below the printed signatory prefix "ppa."
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Protection description Diagonal text underprint in yellow-ochre ink bearing the issuer name "Frerichswerft" across the face of the note.
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Comments

Frerichswerft was a shipyard on the Weser estuary, and like hundreds of German industrial employers in 1918, it issued small-denomination notgeld to pay workers when official coinage had been hoarded out of circulation entirely. These factory-issued pieces were functional wage tokens as much as emergency currency — valid within a closed local economy where the issuer and the workforce knew each other.

The underprint is the only concession to security. No one was counterfeiting 10-Pfennig shipyard scrip.

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