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5 Pfennig - Lichtenau Act. Ges. Glückauf

Issuer Actien-Gesellschaft Glückauf, Lichtenau
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Value 5 Pfennigs (5 Pfennige) (0.05)
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Obverse description A raised solid line rim encircles the field, within which a prominent crossed hammer and pick — the traditional mining emblem — occupies the central device. A circular legend in Latin characters runs along the upper periphery, separated from the lower place-name by two six-pointed star stops positioned at the left and right margins. The overall design is characteristic of early twentieth-century German industrial notgeld, with bold, utilitarian relief.
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Obverse lettering ACT. GES. GLÜCKAUF ✶ LICHTENAU ✶
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Issued by Actien-Gesellschaft Glückauf, a colliery operation in Lichtenau, this is a piece of mine scrip — private token currency issued by German coal companies to pay workers in company-controlled credit rather than Reichsmark. The practice bound miners economically to company stores, a system that drew sustained criticism from labor organizers throughout the Wilhelmine period. Iron was the practical choice for low-denomination mine tokens: cheap, abundant in an industrial setting, and sufficiently unappealing to discourage hoarding or export beyond the colliery's immediate economic orbit.

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