10 Pfennig Tietze and Seidensticker

Tietze & Seidensticker was a textile manufacturer in Penzig, a small weaving town in Upper Lusatia (Oberlausitz), and like hundreds of similar firms across Germany they issued their own Notgeld during the severe small-change shortage of 1917–1921. These company-issued notes functioned as wage tokens or canteen currency, redeemable only at company facilities — which meant workers were, in practice, obligated to spend locally.

Penzig's industrial notes are sparsely documented; surviving examples from smaller textile firms in the region tend to turn up singly rather than in sets.