10 Pfennigs Einswarden; Frerichswerft

Frerichswerft was a shipyard on the Weser estuary, and like hundreds of German industrial employers in 1918, it issued its own emergency scrip — Notgeld — to pay workers when small-denomination coinage had effectively vanished from circulation. The wartime hoarding of metal coins, combined with the Reichsbank's inability to supply adequate small change, forced factories and municipalities alike to print their own.

Shipyard scrip of this type rarely traveled far. It was accepted at the company canteen and local merchants who dealt with the workforce, then redeemed — or not.