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2 Pfennig - Nürnberg Hercules Werke A.-G. NHW

Issuer Hercules Werke A.-G. Nürnberg
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Value 2 Pfennigs (2 Pfennige) (0.02)
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Obverse description The obverse features a continuous pearl border encircling the entire field. The issuer's legend 'HERCULES WERKE A.-G.' is arranged in a circular inscription around the periphery, with a five-pointed star positioned at the base. Centrally placed in the field is the conjoined monogram 'NHW', formed by the interlocked initials of Nürnberger Hercules-Werke, rendered in bold raised relief against the plain field.
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Obverse lettering HERCULES WERKE A.-G. NHW ★
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Hercules Werke A.-G. was a Nürnberg-based industrial firm that issued its own token currency for use within its facilities — a common practice among large German manufacturers during the acute small-change shortages of the early 1920s, when official coinage was being hoarded or melted faster than the mints could replace it. Zinc was the default material precisely because it had negligible intrinsic value, discouraging the kind of metal speculation that plagued copper and brass issues.

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