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50 Pfennig - Grafenau Papierfabrik Elsenthal
| Issuer | Elsenthal Papierfabrik A.G., Grafenau |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Zinc |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mintage | 1920 - - 10,180 |
| Additional information |
Grafenau sits deep in the Bavarian Forest near the Austrian border, and the Papierfabrik at Elsenthal was one of the region's significant industrial employers when the postwar small-change crisis — the Kleingeldnot — forced hundreds of German firms to issue their own emergency coinage. Zinc was the practical choice by 1920: aluminium supplies were tighter, and the private notgeld issuers had little leverage with metal suppliers during the transition chaos following the armistice economy.
Paper mills issuing coin on zinc is a particular irony the catalog rarely pauses on.