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50 Pfennig - Nürnberg Kaiserkrone M. Gottschalk

Issuer City of Nuremberg
Year 1918
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Currency Mark (1914-1924)
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Obverse script Latin
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Edge Plain
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Additional information

Nuremberg's 1918 zinc notgeld was a direct product of the wartime metal shortage that had stripped German municipal coffers of copper and nickel well before the armistice. Cities across the Reich were authorized to issue their own emergency coinage, and Nuremberg contracted with local merchant M. Gottschalk — the Kaiserkrone, a commercial house — to distribute these pieces rather than issuing them through the municipal treasury directly.

Zinc was a second-choice material even then, prone to corrosion and difficult to strike cleanly. Surviving examples in collectible condition are genuinely harder to locate than the mintage volumes might suggest.

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