10 Pfennig - Nürnberg Victoria Werke A.G.

Victoria Werke A.G. was a Nürnberg-based manufacturer that, like hundreds of German industrial firms, issued its own emergency coinage — Notgeld — during the acute metal and small-change shortages that plagued Germany after World War I. Zinc was the material of necessity: copper and nickel had been requisitioned for the war effort years earlier, and federal minting capacity remained overwhelmed well into the early 1920s. Factory-issued tokens of this kind circulated within company premises and sometimes spilled into local trade before federal coinage restabilized.