1 Pfennig - Glöthe S A G

Glöthe was a small village in the Prussian Province of Saxony, and like hundreds of German municipalities during the acute coin shortages of World War I and its aftermath, it issued its own emergency currency — Notgeld — to keep local commerce functional when official coinage had been hoarded or melted. The "S A G" designation identifies the issuing cooperative or administrative body responsible for the token's validity. Municipal issues this small are frequently encountered in poor condition; Glöthe's output was genuinely limited, and survivors in any grade are scarce outside specialist German Notgeld collections.