5 Pfennig Kalksandstein-Werke Milbertshofen

Kalksandstein-Werke Milbertshofen was a sand-lime brick manufacturer operating on the northern outskirts of Munich. Like hundreds of German industrial firms during the Kleingeldnot of 1916–1922, it issued its own small-denomination Notgeld to pay workers when official coinage had effectively vanished from circulation — hoarded, melted, or simply not minted in sufficient quantities to meet wartime and postwar demand. Factory-issued Notgeld of this type rarely traveled far; it was redeemable only at the issuing firm and typically cycled between the works and the local shops frequented by its employees.