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5 Pfennig - Regen Josef Schrank Goldwaren and Uhrengeschäft

Issuer Josef Schrank Goldwaren & Uhrengeschäft, Regen
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Currency Mark (1914-1924)
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Reverse lettering KLEINGELDERSATZMARKE 5 ★ ★ ★
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Additional information

A privately issued notgeld token from Josef Schrank's jewelry and watchmaking shop in Regen, a small town in the Bavarian Forest. These zinc pieces circulated locally during the post-WWI shortage of small-denomination coinage, when the German federal government's inability to produce sufficient Kleingeld pushed thousands of municipalities, businesses, and private firms to fill the gap themselves. Schrank's shop was hardly alone — by 1921, an estimated 100,000 distinct notgeld issues existed across Germany. The Menzel catalog cross-references this piece under two separate entries, suggesting some ambiguity in the recorded die or variant population.

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