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10 Pfennig Kalksandstein-Werke Milbertshofen

Issuer Kalksandstein-Werke Milbertshofen
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Value 10 Pfennigs (10 Pfennige) (0.10)
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Reverse description Cream-coloured paper with the same interlaced decorative border as the obverse. The entire field is occupied by a five-line verse in blackletter (Fraktur) script, centred on the note, followed by a small floral typographic ornament at the foot. No denomination or issuer identification appears on this side.
Reverse lettering Wer ist ein freier Mann?
Der auch in einem heiden
Den Menschen unterscheiden,
Die Tugend schätzen kann;
Der ist ein freier Mann!
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Kalksandstein-Werke Milbertshofen was a sand-lime brick manufacturer operating on the northern edge of Munich — Milbertshofen being the industrial district later absorbed into greater Munich and notorious in darker history as the site of a wartime forced-labor camp. This 10 Pfennig note is a piece of Notgeld, the emergency small-change currency issued by German municipalities, businesses, and institutions during the acute coin shortages of 1914–1923. A brickworks issuing its own scrip is unremarkable for the period; hundreds of industrial firms did the same.

What makes factory-issued Notgeld interesting is the closed-loop economy it implies — workers paid partly in company scrip redeemable only at company-approved outlets.

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