1/2 Goldgulden

Fribourg's minting rights were hard-won and frequently contested — the city operated its own mint under imperial privilege while navigating constant pressure from the Habsburgs and the Swiss Confederacy simultaneously. This half-goldgulden belongs to a production window bracketed by the city's entry into the Confederation in 1481 and the broader monetary disruptions that preceded the Reformation-era coinage reforms across the Swiss cantons.

The HMZ 1#2-242 type is rarely encountered; Fribourg's gold output was modest at the best of times, and fractional gold issues even more so.