1⁄12 Thaler

Goslar's coinage rights were a persistent source of friction between the city and the Brunswick-Wolfenbüttel duchy throughout the eighteenth century, with the city jealously defending its imperial free status even as its economic importance faded. By 1764, Goslar was a shadow of the medieval mining powerhouse it had once been — the Rammelsberg silver mines that had funded centuries of coinage were largely exhausted, meaning the silver for this very piece was almost certainly imported rather than locally smelted.