10 Pfennig - Heldrungen Gewerkschaft Heldrungen II

Gewerkschaft Heldrungen II was a mining cooperative operating in the Heldrungen district of Thuringia, and like many German industrial operations of the early twentieth century, it issued its own token currency for use within the company's closed economic ecosystem — essentially scrip redeemable only at company-controlled outlets. Zinc was the material of necessity during wartime and immediate postwar periods when copper and nickel were diverted to military or industrial priorities.

The Menzel reference numbers place this firmly within the documented German Notgeld and company token corpus, though Heldrungen II as a distinct issuer from Heldrungen I suggests sequential or concurrent shaft operations under separate administrative entities.