Saxonia AG was a sugar refinery operating in Glöthe, a village in the Prussian province of Saxony, and like hundreds of German agricultural and industrial firms in the late nineteenth and early twentieth centuries, it issued its own notgeld-style token to manage small-change transactions among its workforce. Company scrip of this type was redeemable only at the factory canteen or company store, tying wages partially to on-site consumption.
Nickel-plated zinc points toward wartime or interwar production, when copper and nickel were either restricted or expensive.
Saxonia AG was a sugar refinery operating in Glöthe, a village in the Prussian province of Saxony, and like hundreds of German agricultural and industrial firms in the late nineteenth and early twentieth centuries, it issued its own notgeld-style token to manage small-change transactions among its workforce. Company scrip of this type was redeemable only at the factory canteen or company store, tying wages partially to on-site consumption.
Nickel-plated zinc points toward wartime or interwar production, when copper and nickel were either restricted or expensive.