50 Pfennig - Laurahütte Schlesien

Laurahütte was a Silesian industrial settlement built around one of the region's major iron and steel works, which made iron an unsurprising — and locally abundant — material for emergency coinage when the wartime metal shortages of 1918 made brass and nickel effectively unavailable for municipal notgeld. The irony of an iron-producing town issuing iron coins was presumably not lost on the workers who handled them.