1 Pfennig - Werdau Sächsische Waggonfabrik

Sächsische Waggonfabrik was a major rolling stock manufacturer in Werdau, Saxony, producing railway wagons and trams from 1872 onward. Like many large German industrial firms after World War I, it issued its own emergency coinage — Notgeld — to address the chronic small-change shortages that plagued the early Weimar period when official copper and zinc coins were hoarded or melted. Factory-issued pieces of this kind circulated internally among workers, redeemable at company canteens or shops.