Watch List notes:

GERMANY: 1918 Notgeld, 10 Pfenning, Leutkirch Württemberg, NGC MS62. Mintage: 85.000.Composition: Iron. Diameter: 20 mm. Engraved by Wilhelm Mayer & Franz Wilhelm, Stuttgart. Funck-294.2A Lumb-283.2. 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."