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5 Pfennig Einswarden, Frerichswerft
| Issuer | Frerichswerft, Einswarden |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | 5 Pfennigs (5 Pfennige) (0.05) |
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| Obverse description | Plain cream-toned paper note with a typeset design on an underprint of repeated diagonal text reading 'EinswärdenFrerichswerft' in Gothic script across the entire field. The denomination '5 Pfg.' appears in the upper corners flanking the large bold heading 'Gutschein', with 'über' centred below. The value 'Fünf Pfennig' is set in large bold letterpress type across the centre, separated from the issuer line by a fine rule; the place and date 'Einswarden, im Dezember 1918.' and the issuer name 'Frerichswerft' appear in the lower portion. |
|---|---|
| Obverse lettering | 5 Pfg. Gutschein 5 Pfg. über Fünf Pfennig Einswarden, im Dezember 1918. Frerichswerft |
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| Comments |
Frerichswerft was a shipyard on the Weser estuary, and like hundreds of German industrial employers in 1918, it issued its own small-denomination Notgeld to compensate for the catastrophic shortage of official coinage — metal had been consumed by the war effort, and the Reichsbank could not keep pace with demand for small change. These employer-issued pieces were paid out as wages and accepted back against goods or services within the issuing firm's orbit, functioning less as public currency than as a closed-loop scrip.
The shipyard context matters: Einswarden's workforce was building vessels for a navy losing the war. By November 1918, the armistice had collapsed the entire framework within which notes like this circulated.