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5 Pfennig - Ulm Gebrüder Eberhardt Maschinenfabrik

Issuer Gebrüder Eberhardt Maschinenfabrik
Year 1917-1919
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In circulation to 15 May 1919
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Obverse lettering Gebrüder Eberhardt MASCHINENFABRIK Ulm a. D.
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Reverse lettering 5
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Additional information

Gebrüder Eberhardt was an agricultural machinery manufacturer in Ulm whose wartime notgeld issue reflects exactly why private firms began minting their own emergency currency after 1916 — the Imperial government had requisitioned copper and nickel so aggressively for munitions that small-denomination coinage essentially vanished from circulation. Factory scrip like this kept workers' canteen transactions and small wage disbursements functioning when Reichsbank coin simply wasn't available. Zinc was the material of last resort, corroding poorly and striking inconsistently, which explains the often degraded surfaces seen on surviving examples of this type.

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