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20 Mark Lautawerk

Issuer Vereinigte Aluminium-Werke A.G., Lautawerk
Year 1922
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Composition Other (Aluminium)
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Obverse description Teal letterpress printing on thin aluminium sheet with a geometric diamond-and-triangle guilloche border running the full perimeter. The upper central field carries the issuer's name in blackletter script flanked by denomination numerals '20' at left and right within ornamental cartouches. A large blackletter legend 'Zwanzig Mark' spans the lower central band, below which a two-line authorisation text cites the Reich Ministry of Finance decree of 8 October 1922, with the place and date 'Lautawerk den 10. Oktober 1922' and the issuer's name closing the text field. Two manuscript signatures appear at the lower right, with the printer's imprint at the lower left margin.
Obverse lettering Gutschein Vereinigte Aluminium-Werke A.G. Lautawerk 20 20 Zwanzig Mark Als gesetzliches Zahlungsmittel genehmigt vom Reichsfinanzministerium durch Erlass vom 8.10.1922 Lautawerk den 10. Oktober 1922 Vereinigte Aluminium-Werke A.G.
(Translation: Voucher United Aluminium Works Ltd. Lautawerk 20 20 Twenty Mark As legal tender approved by the Reich Ministry of Finance by decree of 8.10.1922 Lautawerk 10 October 1922 United Aluminium Works Ltd.)
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Comments

Vereinigte Aluminium-Werke A.G. was one of Germany's major aluminum producers, and like hundreds of industrial firms during the hyperinflationary spiral of 1922, it issued its own notgeld to pay workers when the Reichsbank simply could not supply enough currency fast enough. The Lautawerk facility — the company's primary smelting works — issued this piece as a wage-payment instrument, not for retail commerce.

Aluminum as a substrate is the notable curiosity here. While paper notgeld was ubiquitous, a handful of issuers chose metal sheet, leather, or pressed fiber. The material choice may reflect the obvious: the plant had aluminum on hand.

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