10 Pfennig Vereinigte Harzer Portlandcement- und Kalkindustrie

Elbingerode notgeld from a cement and lime producer — exactly the kind of private emergency currency that flooded Germany after 1914, when small-denomination coins vanished from circulation almost overnight as hoarding stripped the Reichsbank's reserves. Industrial firms, municipalities, and even individual shops issued their own scrip to make change possible at all.

Tieste Va#1655.05.02 identifies this as a documented series from the Vereinigte Harzer works, though surviving examples are sparsely traded and condition varies sharply — the paper stock used by smaller industrial issuers was rarely archival quality.