10 Pfennig - Heidenau Krause and Baumann AG

Krause & Baumann AG was a paper and cardboard manufacturer in Heidenau, Saxony, that issued notgeld during the acute small-change shortages that followed World War I. Factory-issued coinage of this kind was a practical response to municipal and state authorities failing to keep subsidiary coinage in circulation — workers needed exact change for canteen purchases and payroll adjustments, and employers filled the gap themselves. Nickel-plated zinc was the material of necessity, not choice; wartime metal requisitioning had stripped conventional coinage alloys from civilian use entirely.