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10 Pfennig - Erfurt Henry Pels and Co.

Issuer Henry Pels & Co.
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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 lettering HENRY PELS & Co. 10 ★ ★ ★
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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.

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