10 Pfennigs - Hämmern Zelltextil

Zelltextil Hämmern was a German cellulose textile factory that issued notgeld during the acute small-change shortages of the early 1920s — a period when municipal and commercial issuers across Germany filled the vacuum left by the collapse of state-issued fractional coinage. Factory-issued zinc pieces like this one were redeemable only within the issuing firm's payroll and company-store system, which kept circulation tightly contained and accounts of surviving examples correspondingly limited.