10 Pfennigs - München J. Göggle & Sohn

J. Göggle & Sohn was a Munich ironmongery and hardware firm that issued zinc notgeld tokens during the acute small-change shortages that plagued German commerce in the early 1920s. Municipal and state authorities could not produce enough fractional coinage to meet everyday retail demand, leaving private businesses to fill the gap with their own emergency issues. These tokens circulated as store credit rather than legal tender, redeemable only at the issuing merchant — a distinction that kept them off the Reichsbank's radar but also meant most were returned and destroyed rather than saved.