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10 Pfennig - Waldkirchen Franz Danzer Bankgeschäft

Issuer Franz Danzer Bankgeschäft, Waldkirchen
Year
Type Emergency coin
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Obverse script Latin
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Edge Reeded
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Additional information

Waldkirchen notgeld from private banking houses proliferated in the acute small-change shortage that followed Germany's defeat in 1918. Franz Danzer's banking operation issued these zinc pieces when the Reichsbank could not supply adequate fractional coinage to keep local commerce moving — a stopgap measure tolerated rather than sanctioned by central authorities. Most private notgeld issues were redeemed and melted within months, which is what makes surviving Danzer pieces worth cataloging at all.

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