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10 Pfennig Stefan Angerer

Issuer Stefan Angerer (Firma), Nürnberg
Year
Type Local banknote
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Obverse lettering Gutschein
über 10 Pfg.
der Firma
Stefan Angerer, Nürnberg
Ansbach · Ingolstadt · Regensburg
Reverse description Plain cream ground carrying a yellow-ochre underprint of the numeral '10' in the centre, printed in Fraktur blackletter throughout. Five lines of redemption text in smaller script occupy the upper portion, followed by the issuer's facsimile signature 'Stefan Angerer' in large bold blackletter across the lower half. The printer's imprint 'Bieling-Dietz.' appears in small roman type along the bottom margin.
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Comments

Stefan Angerer was a Nürnberg-based firm that issued this small-denomination emergency note — Kleingeld­ersatz­schein — during the acute coin shortage that gripped Germany in 1917 and 1918. Municipal and commercial issuers alike flooded the market with such scrip, and the Bieling-Dietz printing house in Nürnberg supplied a significant number of local firms with competent if unshowy production work.

Commercial Notgeld issued by private businesses rather than municipalities tends to survive in lower quantities than the more widely distributed civic issues, since redemption was the issuer's direct liability and firms had strong incentive to retire outstanding notes promptly.

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