Catalog
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| Issuer | Henry Pels & Co. |
|---|---|
| Year | |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 2.3 g |
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| Obverse description | Plain octagonal zinc field featuring the large numeral '10' prominently centered within a raised inner beaded circle. The circular legend 'HENRY PELS & Co.' runs along the upper periphery between the inner beaded border and an outer dotted rim. Three six-pointed stars are arranged at the base of the inner circle, serving as separators. The overall design is utilitarian in character, consistent with German Notgeld emergency coinage of the World War I era. |
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| Obverse script | Log in to see details |
| Obverse lettering | HENRY PELS & Co. 10 ★ ★ ★ |
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| Additional information |
Henry Pels & Co. was a Erfurt-based private firm that issued notgeld during the acute small-change shortage that gripped Germany in the early 1920s. Municipal and commercial issuers flooded the market with zinc, iron, and pressed cardboard pieces when the Reichsbank's coin production could not keep pace with inflation-driven hoarding. Zinc was the material of last resort — cheap, abundant, and deeply unpopular with the public, who rightly suspected it would corrode before the emergency passed.