10 Pfennig - München E.Mühlthaler Kunstdruckerei A.-G.

Issued as emergency currency — Notgeld — during the profound disruption to German coinage supply that followed World War I, this piece was produced by a Munich printing and fine-arts publishing firm pressed into service as a monetary stopgap. E. Mühlthaler's primary business was commercial and artistic printing, not minting; the zinc composition reflects wartime and immediate postwar metal constraints that had stripped conventional coinage from everyday circulation by 1918–1919.

Zinc Notgeld of this type saw heavy local use and was redeemed or discarded once municipal and state authorities restored normal currency flow, which is why surviving specimens in unworn condition are rarer than the original issue volumes might suggest.