1 Pfennig - Radebeul-Dresden Union Werke G.M.B.H.

Union-Werke G.M.B.H. was a German industrial firm operating in Radebeul, a manufacturing suburb just northwest of Dresden, that issued notgeld pfennig pieces during the acute small-coin shortages of the early 1920s. Corporate notgeld of this type — zinc, low denomination, purely functional — was produced to pay workers when reichsmark coinage had effectively vanished from daily wage transactions, hoarded or melted as metal values outpaced face values.

Radebeul-area factory issues are among the least documented of Saxony's industrial notgeld, and the Menzel catalogue cross-references suggest only a single known type for this firm.