Laurel Certified Coins, Auction 1, Ancient, World, US Coins and Tokens
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Lot 238.  GERMANY: 1918 Notgeld 5 Pfennig, Oberndorf Württemberg, Iron Composition, NGC MS62

GERMANY: 1918 Notgeld 5 Pfennig, Oberndorf Württemberg, Iron Composition, NGC MS62. Diameter: 17,0 mm. Octagonal design. Lamb-380.1, Funck - 392.1. Notgeld (German for ""emergency money"" or ""necessity money"") refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This occurs usually when sufficient state-produced money is not available from the central bank. Most notably, notgeld generally refers to money produced in Germany and Austriaduring World War I and the Interbellum. Issuing institutions could be a town's savings banks, municipality and private or state-owned firms.

Estimate: US$ 100 


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Starting Bid:  US$ 35 
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Closes:  Monday, August 3, 2020
12:19:00 PM CDT
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