5 Pfennig - Rosenberg i. O. Andr. Pemsel

Rosenberg in der Oberpfalz is a small market town in Bavaria; by the time notgeld like this piece was being struck in iron, Germany's wartime metal requisitions had stripped conventional coinage from circulation almost entirely. Municipal and commercial emergency money filled the gap, and individual merchants — not just towns — issued their own denominations. Pemsel was almost certainly a local tradesman or shopkeeper whose iron pfennig circulated only within a narrow commercial radius, redeemable against purchases at the issuing establishment.