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10 Pfennig - Waldshut

Issuer Waldshut, City of
Year 1917
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Shape Round
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Obverse description A continuous pearl border frames the entire obverse field. The municipal coat of arms of Waldshut, depicting an armored figure standing and holding a staff, occupies the central field within a pointed shield. The legend 'STADT WALDSHUT' arcs along the upper periphery, flanked at its terminations by six-pointed star stops, while the date '1917' is positioned in the lower field beneath the shield.
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Reverse description A continuous pearl border defines the outer rim, within which the word 'KRIEGSGELD' arcs along the upper periphery and 'PFENNIGE' curves along the lower periphery, the two legends flanked by small rosette stops at the sides. An inner pearl circle encloses the central field, where the bold numeral '10' is prominently rendered as the denomination indicator.
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Additional information

Waldshut issued this notgeld piece in 1917 as the German war economy stripped conventional coinage metals from circulation — nickel and copper had been redirected to munitions production since 1915, leaving municipalities to fill the gap with whatever ferrous substitutes the Kriegsmetall authorities would permit. The city sits on the Rhine directly opposite the Swiss town of Rheinfelden, a geography that made the local shortage of hard currency particularly awkward given daily cross-border commerce with a neutral country still using silver.

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