100 Mark - Röthenbach C. Conradty

C. Conradty was a major manufacturer of carbon and graphite products — pencil leads, electrodes, arc lamp carbons — operating out of Röthenbach an der Pegnitz near Nuremberg. In 1922, as Weimar Germany's inflation began consuming the paper mark, private firms increasingly issued their own emergency money, Notgeld, to keep workers paid and local commerce moving. Conradty's solution was characteristically industrial: tokens pressed from coal dust, the same raw material the factory processed daily. The choice was pragmatic rather than symbolic — the firm had the material and the pressing equipment on hand.