5 Pfennig - Naila

Naila is a small town in Upper Franconia, Bavaria, and like hundreds of German municipalities in 1918, it issued its own emergency coinage — Kriegsgeld — as the Imperial war economy stripped copper and nickel from circulation for armaments production. Iron was the fallback. These local issues were authorized under wartime necessity rather than any coherent federal policy, which is why the catalog numbers for Notgeld from this period run into the tens of thousands across Germany.

Funck remains the primary reference for Bavarian municipal iron issues; the Men05 and Men18 cross-references reflect successive Menzel catalog editions attempting to consolidate what is an inherently chaotic corpus.